July Housing Report Shows Increased Inventory and Stable Prices
The July REMAX National Housing Report indicates a slight increase in the number of homes for sale across 46 metro areas compared to both June 2026 and July 2025. The median sales price remained stable at $450,000 month over month but rose by 3.4% year-over-year. Inventory levels increased by 2.8% from the previous month and 4.7% compared to a year ago. Home sales nationally fell 5.7% in July compared to June but were up 2.5% year-over-year, with new listings down slightly on a monthly basis yet showing modest annual growth. The report highlights significant regional variation, particularly noting Miami as one of the top markets for home sales growth due to increased buyer activity and more diverse pricing options. Months' supply of inventory rose to 3.0 in July from 2.7 in June, indicating improved balance between buyers and sellers in some areas but continued tightness elsewhere.
Topics: home sales inventory levels market conditions median price