Still A Slow Housing Market 7/8/26

Summary

The U.S. housing market remains sluggish overall, with higher listings, longer days on market, and fire-sale price cuts concentrated in Sunbelt areas. Older Americans are holding onto their homes and not downsizing, pushing the average first-time homebuyer age above 40. The segment highlights a buyer-unfriendly, stagnant market.

• U.S. housing market is slow overall, with listings and days on market rising.
• Real estate data firm Parcel reports 5% of U.S. home listings were in fire-sale territory in late spring.
• Arizona, Florida, and Louisiana led the country in price cuts, with pressure across the Sunbelt.
• OpenDoor CEO Kaz Nejatian says homes are sitting on the market much longer than a year ago.
• Older Americans are not downsizing, limiting inventory for first-time buyers.
• The average age for first-time home buyers in the U.S. is now over 40.