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

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

The July REMAX National Housing Report shows more homes for sale, stable prices and market conditions that varied widely by location

DENVER , Aug. 19, 2026 /PRNewswire/ -- Homebuyers had more options in July as the number of homes for sale increased from both the previous month and the prior year, while prices held steady month over month, according to data from the 46 metro areas surveyed in the July 2026 REMAX National Housing Report. Inventory rose 2.8% from June and 4.7% from a year earlier, while the median sales price remained flat at $450,000 and was 3.4% higher year over year.

The REMAX National Housing Report for July shows that the average number of home sales across the 46 metro areas surveyed increased by 2.5% year over year. The additional inventory may create more opportunity for buyers in some markets, but the data also points to a highly localized housing environment. Some metros posted sizable inventory gains and higher months' supply, while others continued to see tighter supply compared to last year. Buyers and sellers may experience significantly different conditions depending on where they live.

That variation is evident in Miami, where closed transactions increased 11.8% from a year ago, placing the market among the top five metros for annual sales growth. This month's data reflects the ever-changing real estate market in Miami. We had more sales in July as buyers found opportunities across a wider range of price points. Sellers are also becoming savvier and understand that they need to price appropriately if they don't want their property to sit on the market. As agents, our focus remains on educating buyers and sellers on today's market reality and what to expect in a given price range.

Nationally, home sales fell 5.7% month over month but were 2.5% higher than a year earlier. New listings were down 2.7% from the previous month but up 1.4% year over year. Months' supply of inventory rose to 3.0, up from 2.7 in June and 2.9 one year ago. Homes sold in July spent an average of 45 days on the market, up three days from the previous month and one day from last year.

Other metrics of note: Median listing price of new listings was down 1.1% month over month and up 1.8% year over year. The close-to-list price ratio remained at 99%, unchanged from the previous month and one year ago.

Highlights and local market results for July include: New Listings In the 46 metro areas surveyed in July 2026, the number of newly listed homes was up an average of 1.4% compared to July 2025, and down 2.7% compared to June 2026. The markets with the biggest increase and decrease in year-over-year new listings percentage were: New Listings: 5 Markets with the Biggest YoY Increase Market July 2026 July 2025 Year-over-Year % Change Anchorage, AK 805 662 +21.6 % St. Louis, MO 4,590 4,087 +12.3 % Indianapolis, IN 3,912 3,533 +10.7 % Providence, RI 1,941 1,779 +9.1 % Minneapolis, MN 7,192 6,661 +8.0 % New Listings: 5 Markets with the Biggest YoY Decrease Market July 2026 July 2025 Year-over-Year % Change San Antonio, TX 4,433 4,999 -11.3 % Baltimore, MD 3,559 3,873 -8.1 % San Diego, CA 3,530 3,744 -5.7 % Wichita, KS 1,052 1,109 -5.1 % Washington, DC 7,678 8,071 -4.9 % Closed Transactions Of the 46 metro areas surveyed in July 2026, the overall number of home sales was up an average of 2.5% compared to July 2025, and down 5.7% compared to June 2026. The markets with the biggest increase and decrease in year-over-year sales percentage were: Closed Transactions: 5 Markets with the Biggest YoY Increase Market July 2026 July 2025 Year-over-Year % Change Bozeman, MT 204 166 +22.9 % Wichita, KS 962 848 +13.4 % Honolulu, HI 735 657 +11.9 % Miami, FL 6,479 5,796 +11.8 % Minneapolis, MN 5,101 4,569 +11.6 % Closed Transactions: 5 Markets with the Biggest YoY Decrease Market July 2026 July 2025 Year-over-Year % Change Raleigh, NC 2,097 2,263 -7.3 %