Home prices just fell the most in nearly a decade. Here’s where buyers have the most leverage

The median U.S. listing price has fallen for eight consecutive months while pending home sales continue to climb.

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Home prices just experienced their biggest year-over-year drop in almost a decade, according to new data from Realtor.com. 

The asking price of a new home in the U.S. has fallen consecutively for eight months, according to the new report on monthly housing trends. The average asking price of a new home dipped by 2.5% between June 2025 and June 2026 – one sign of a market coming unstuck. This month, the national median list price for a home sat at $430,000, down from June 2022’s highs around $449,000. 

“Eight straight months of falling prices and seven straight months of rising pending sales are not a contradiction,” Realtor.com Chief........

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