CoStar Group Inc.'s Homes.com has released a report examining the home price trends for July, revealing a moderate increase in home values across the nation. The median home price rose by 2.1% from the previous year, reaching $393,000. This growth reflects a downward trend in price appreciation compared to the previous six months, where growth averaged 4.5%. The report highlights an increase in inventory levels by 26% nationally, pointing towards a shift towards a buyer's market. However, persistently high mortgage rates continue to challenge affordability. Regionally, the Midwest and parts of the Northeast experienced the highest home price appreciation, while 11 of the 40 largest metros, primarily in the South, saw declines. As the market evolves, buyers are becoming more selective, and sellers are adjusting expectations with price reductions.