US housing market shows rising supply with new listings up 8% year over year, reaching the highest level since August 2022. Total active listings increased slightly, nearing a balanced market range. Pending home sales declined to their lowest since February. Mortgage rates remain high at 6.66%, keeping affordability pressured despite a 2.2% rise in median home prices. Sellers are lowering prices, with more listings reduced. Regional price changes vary widely.

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