"Heading into 2025, Zillow's 12-month forecast for U.S. home prices was +2.6%. However, many housing markets across the country softened faster than expected, prompting Zillow to issue several downward revisions. By April 2025, Zillow had cut its 12-month national home price outlook to -1.7%. However, in recent months, Zillow has stopped issuing downward revisions. In August, Zillow revised its 12-month outlook to +0.4%, and it is now revising that outlook to +1.2%."
""High housing costs continue to sideline prospective buyers, making it easier for those still in the hunt. Zillow's market heat index shows the market is balanced between buyers and sellers nationwide, with less competition among buyers than in any August since 2018," Ng wrote. "Homes are lingering longer before finding a buyer as well. The median time on market for a sold home is 27 days-a full week longer than last year and one day longer than pre-pandemic norms.""
Zillow economists updated the 12-month national forecast to project a 1.2% increase in U.S. home prices between August 2025 and August 2026, measured by the Zillow Home Value Index. The outlook fell from +2.6% heading into 2025 to -1.7% by April before recent revisions turned positive again. Sellers pulled back in August as demand slowed among cash-constrained shoppers, creating more opportunities for remaining buyers in inventory-rich markets. Market competition has eased to a balanced state not seen in an August since 2018, and the median time on market for sold homes is 27 days. Among the 300 largest metros, Atlantic City is forecasted to see the largest increase at 4.7%.
Read at Fast Company
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