Three in five U.S. homes sold below asking in August. New listings reached their highest level in over four years.

U.S. housing inventory and new listings rose in August 2026 to multi-year highs, led by San Jose, Nashville, and Seattle, while sales remained sluggish. The median home price increased 2.2% to $398,596, with mortgage rates at 6.67%. About 59.5% of homes sold below asking price, especially in Florida and Texas, reflecting stronger buyer leverage amid high costs. San Francisco saw rising demand, contrasting with weaker markets like Seattle.