Realtor.com finds entry-level homebuyer traffic drops 11.4 points since 2021 as luxury demand holds
NWSA•Inventory and pricing remain skewed toward higher tiers
The national median list price in July 2026 was USD 428,950, down 2.4% year over year; the median viewed price held at USD 425,000.
Listing inventory more than doubled since 2021, skewing toward mid- to upper-tier homes as the entry-level share of supply shrank.
Engagement per listing dropped most at the entry level to below 2019 levels, while high-tier demand held near 2019 despite more supply.
News Corp analysis points to a K-shaped U.S. housing market
News Corp analysis flagged a K-shaped U.S. housing market, with luxury buyers staying active as price-sensitive shoppers retreat.
Online traffic to homes below USD 370,000 fell 11.4 percentage points since 2021 to 42.8%, near their 42.2% listing share.
