August Townhouse/ Condo Market Update

📊 August 2026 Townhouse/Condo Market Overview

This month's numbers show a noticeable slowdown in the condo and townhome market. Prices are holding relatively steady, but fewer properties are selling, homes are taking longer to move, and overall residential inventory continues to rise.

🏘️ Homes Sold

820 condos/townhomes sold in August 2026, compared with 973 last August.

• Down 153 sales
• 15.72% decrease year-over-year

This is one of the strongest indicators of slowing activity. There were significantly fewer completed sales than a year ago, suggesting buyers are moving more cautiously.

⏳ Median Days on Market

The median property took 51 days to sell, compared with 47 days last month.

• Increase of 4 days
• Up 8.51% month-over-month

Condos and townhomes are taking longer to sell, giving buyers more time to compare properties and potentially more negotiating leverage.

💰 Pricing Trends

The median sold price was $410,000, compared with $413,900 last August.

• Down $3,900
• 0.94% decrease year-over-year
• Median price per square foot: $243.24

The important part here is that prices have not fallen dramatically despite the slowdown in sales. Values are relatively stable year-over-year, although there is some modest downward pressure.

📦 Residential Inventory

There were 14,701 active residential listings, compared with 13,482 last August.

• Increase of 1,219 listings
• Up 9.04% year-over-year
• This figure includes all residential property types, not just condos and townhomes.

More inventory means buyers have more choices and sellers face more competition. Combined with longer market times and fewer sales, this points toward a market that is becoming increasingly favorable to buyers.

🔍 Market Review

The biggest story isn't falling prices—it's slowing demand relative to supply. Condo/townhome sales dropped 15.72%, median days on market increased 8.51%, and overall residential inventory climbed 9.04%. Yet the median condo/townhome price declined only 0.94%, meaning values have remained fairly resilient so far.

For buyers, there is more selection, more time to make decisions, and potentially greater negotiating power. For sellers, pricing and presentation are becoming increasingly important because properties are competing against more available inventory and taking longer to sell.

Bottom Line

The August 2026 condo/townhome market shows a clear slowdown in activity, with sales down 15.72% and market time up 8.51%, while overall inventory is up 9.04%. However, median prices are down just 0.94% year-over-year, suggesting that the bigger shift right now is in buyer demand and negotiating power rather than a major decline in home values.