Housing Inventory Gains Ground in August as Price Cuts Match Last Year

Active listings rose 3.6 percent year over year in August to 1.14 million homes, the strongest growth so far this year. New listings pulled back 5.2 percent month over month to 401,760, a typical seasonal decline as sellers retreat before fall, while the share of sellers cutting prices reached 20.4 percent, matching last year's pace for the first time in 2026. The data points to a market where buyers have more choices and sellers are adjusting expectations after a spring and summer of elevated mortgage rates.
Realtor.com reported inventory up 1.2 percent from July and 3.6 percent from August 2025, though still 11.1 percent below pre-pandemic levels. Redfin's weekly tracker through August 23 s…
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