U.S. home sales have slowed to their weakest pace in a decade during the summer of 2025, according to multiple reports citing Redfin data. In July, the typical home spent 43 days on the market, marking the longest duration since 2015 and a notable increase from 35 days the previous year. Concurrently, pending home sales reached a two-year low, indicating a decline in overall demand. This slowdown has shifted market dynamics in favor of buyers, with regions like metro Phoenix experiencing falling prices and increased buyer leverage, as highlighted by Zillow's updated analysis.