All Markets — 476 metros tracked

Real-time housing market summaries across the United States. Click any card to drill into ZIP-level reports.

Listings Flow Ladder — United States

Faucet, basin and drain — new listings in, active inventory, closed sales out.as of Sep 30, 2026

the basin is fillingnet 86,800 listings/mo

Faucet — new listings: 369,907/mo; 96% of normal (383,989) · normal
Basin — active listings: 1,182,485; 93% of normal (1,266,282) · balanced
Months of supply: 4.2 mo; derived — not published at this grain
Drain — closed sales: 283,107/mo; 83% of normal (340,502)
Net — faucet minus drain: +86,800/mo; filling
Reading: current; as of 2026-09-30

Compare against:

2015-01-01 to 2019-12-31 · 5 same-month points

How plugged is the drain? Two definitions, both ours, deliberately not reconciled.

6%Absorption vs its own normal— 1 - (closed sales / active listings) / same-month median of that ratio
17%Closed sales vs its own normal— 1 - closed sales per month / same-month median closed sales per month

Closed sales over 120 months — two different numbers, deliberately not merged.

196,235/mofall in the monthly rate (41%)— peak 479,342/mo (2021-06-30) to 283,107/mo now
2,982,836transactions that did not happen— summed monthly shortfall vs the same-month normal, over 63 months below it (vs 2015-19 (COVID excluded))
rate_drop_from_peak is a change in the monthly rate; cumulative_shortfall_vs_normal counts transactions not transacted. They are different quantities and are not interchangeable.

2026-09-30

Redfin market data (county + ZIP), via Lotvox. As of 2026-09-30. Normal = same-month median of monthly rates, minimum 3 same-month points. Aggregated over a fixed panel of 1,563 counties of 3,097, covering 91% of closed sales — the panel is fixed so a change in who reports cannot look like a change in the market. months_of_supply is not published at this grain (0 non-null rows measured); derived here as active listings / closed sales per month.

Housing pulse

Payment Shock ≠ Price Crash

$1,268/mo est.

estimated payment at the current rate; no income series at this grain

7.32% 30yr fixed (as of 2026-10-22) · 20% down, 30yr fixed

home value (left)est. monthly payment (right)

estimated monthly P&I at the CURRENT rate (7.32% as of 2026-10-22), held constant — 20% down, 30yr fixed

as of 2026-09-30 · median of county ZHVI (aggregate) + FRED MORTGAGE30US (fred, as of 2026-10-22)

Real Home Values

$230,723in 2026-09 dollars (nominal $230,723)

real (2026-09 = 100 deflator)nominal

price basis: median of county ZHVI (aggregate)

as of 2026-09-30 · Zillow ZHVI + CPI (national deflator)

Listings Flow Ladder

New listings

369,907

Active listings

1,182,485

Closed sales

283,107

Net flow

+86,800 · filling

months of supply 4.2 (balanced band 4–6)

new listingsclosed sales

as of 2026-09-30 · Redfin market data (county + ZIP), via Lotvox

Migration vs Inventory

Not enough data for this geography — no state/national migration series.

Burden methodology: Est. payment burden vs ACS median household income — assumes 30yr fixed, 7.32% rate (FRED MORTGAGE30US, as of 2026-10-22), 80% LTV.

All Markets — 476 metros tracked

Housing pulse

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