News Corp-owned Realtor.com reported that the U.S. housing market continued to rebalance in February, with active listings rising 7.9% year over year to about 915,000, though inventory gains have cooled for nine straight months. The median listing price fell 2.1% from a year earlier to $403,450, while homes took a median 70 days to sell, four days longer than a year ago, signaling a slower sales pace. The report said supply improvements remain uneven, with the South and West closer to pre-pandemic inventory levels while the Northeast and Midwest stay significantly undersupplied.

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