When will housing prices drop? In some U.S. cities, the decreases have already started.

Data from Realtor.com shows that existing home sales are slowing down. The typical home for sale spent 58 days on the market in July 2025 — five more days than in June and a full week longer than one year ago.

If you’re a hopeful home buyer, you might be wondering: If the housing market is cooling, does that mean home prices are dropping?

The answer depends on various factors, particularly on where you’re shopping for a home. Here’s what you need to know about housing prices as we head into the fall season.

E. Napoletano & Aly J. Yale | Yahoo News

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