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📊 The Weekly Altos Market Report: June 29, 2026

Inventory keeps building and sellers are responding by cutting prices more often, even as headline prices hold steady. That combination is shifting leverage toward buyers and making pricing discipline a key differentiator.

📈 The National Data

Housing is absorbing the post-Iran-conflict rate volatility without breaking, and this week’s numbers suggest the market is steady overall while pricing power is becoming more selective.

• Inventory: Active single-family inventory rose from 830,939 to 841,547 and is up 1.26% year over year.
  
  
• New listings: New listings came in at 75,128 vs 81,059 the same week last year, a reminder that fresh supply is still not flooding the market.
  
  
• Price reductions: 39.05% of homes have recent price reductions (vs 40% last year).
  
  
• Mortgage rate: The 30-year fixed rate is 6.72%, which supports stable demand conditions.

Bottom line: inventory's rising, new listings are cooling for the season, and price cuts are common but not getting worse year over year.

💡Turn National Data into Local Context with Altos

Here’s how agents and teams can translate this week’s national story into local conversations that win listings and help buyers act decisively:

• Map where buyers are gaining leverage as supply grows: National inventory rose by about 10,608 homes this week while median days on market stayed at 56. Use Altos Inventory trends alongside the Market Action Index (MAI) to see which ZIP codes are actually loosening vs. still competitive.

• Explain why new listings are softening even as inventory builds: National median new-listing price slipped to ~$430,000, so use Altos and the new listings vs. listings absorbed chart to confirm whether your local slowdown is coming from fewer new sellers or from demand absorbing less.

*Custom charts shown above available to users on the Altos Advanced plan.

📰 Market News & Policy Watch

Beyond the weekly numbers, several key developments are shaping the 2026 landscape:

• Mortgage performance steady in May as calendar drives delinquency bump — ICE data shows delinquencies ticked up to 3.50% mostly due to month-end timing, but serious delinquencies and foreclosure inventory are rising year over year, even as the overall picture remains healthier than pre-pandemic.See where delinquencies and foreclosure inventory are rising.
  
  

• Young buyers are priced out in most U.S. metros, Pew data shows — Pew finds inflation-adjusted home values rose from 2019–2024 while under-40 incomes rose failed keep pace, pushing the young-buyer price-to-income ratio back to mid-2000s bubble levels and shrinking the share of young renters who can afford ownership. See how income growth is failing to keep pace with home prices.
  
  

• Housing demand holds steady as regional inventory trends reshape the market — Pending sales are still up year over year across every region, but inventory is no longer moving in one direction. Some regions are adding supply while others tighten — and one is carrying a notably higher price-cut rate. See which regions are tightening vs. adding listings and why. 

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