AI Data Insight
The average sales price of houses in the US dropped to $502,700 in the second quarter of 2026, a significant decline from $514,600 in the previous quarter. Although housing prices show signs of cooling, the 30-year mortgage rate remains persistently high, severely constraining buyer affordability. Builders shifting toward constructing smaller-sized homes and rolling out price concessions have become the main drivers pulling down average prices and supporting buying interest in the short term.