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More Inventory Gave Homebuyers Added Options as Prices Held Steady in July

RMAX
  • The July 2026 RE/MAX National Housing Report surveyed 46 metro areas & found inventory rose 2.8% from June & 4.7% from July 2025.
  • Median sales prices remained flat month-over-month at $450,000 but were 3.4% higher year-over-year.
  • National home sales increased 2.5% year-over-year but decreased 5.7% from June 2026.
  • New listings were down 2.7% from June but up 1.4% compared to July 2025.
  • Months' supply of inventory rose to 3.0 from 2.7 in June & 2.9 in July 2025.
  • Homes sold in July spent an average of 45 days on the market, up three days from June & one day from July 2025.
  • The close-to-list price ratio remained stable at 99% across the surveyed markets.
  • Miami recorded an 11.8% year-over-year increase in closed transactions, ranking among the top five metros for sales growth.
  • Anchorage, AK saw the largest year-over-year increase in new listings at +21.6%, while San Antonio, TX saw the largest decrease at -11.3%.
  • Bozeman, MT led in year-over-year sales growth at +22.9%, whereas Raleigh, NC experienced the largest decline at -7.3%.
  • Trenton, NJ posted the highest year-over-year median sales price increase at +8.1%, while Bozeman, MT had the largest decrease at -12.6%.
  • San Francisco, CA had the highest close-to-list price ratio at 105.2%, while Miami, FL had the lowest at 94.4%.
  • Hartford, CT recorded the lowest average days on market at 18 days, while San Antonio, TX had the highest at 85 days.
  • Los Angeles, CA & San Diego, CA showed the largest year-over-year increases in months' supply of inventory at +54.3% & +57.1% respectively.