In July, U.S. housing inventory rose for the 33rd month but remained 11.6% below pre-pandemic levels. Median listing prices fell 2.4% year-over-year to $428,950, with 20% of listings reduced. Mortgage rates increased slightly, with 20-year fixed rates at 6.42%-6.6%. In New Jersey, active listings grew 13.86% year-over-year; median price was $575,000, nearly unchanged. Most North Jersey counties saw increased listings and longer market times, with mixed median price changes and more price reductions.