July Single Family Market Update

by Joe Pierson

📊 July 2026 Single-Family Market Overview

July shows a market with more homes available and slightly more sales than last year, but homes are taking longer to sell and prices have softened slightly. Overall, buyers have more options while sellers are facing more competition.

🏠 Homes Sold

2,695 single-family homes sold
Up 1.35% from July 2025

➡️ Sales activity increased modestly year-over-year. Despite higher inventory, buyers are still active and purchasing slightly more single-family homes than they did last July.

⏳ Median Days on Market

39 median days on market
Up 14.71% from last month
An increase of 5 days from 34 days

➡️ This is one of the more notable changes this month. Homes are taking longer to sell, which suggests buyers have more time and are being more selective.

💰 Pricing Trends

Median Price per Sq. Ft.: $229.26
Median Single-Family Sold Price: $585,000
Down 0.43% from July 2025

➡️ Single-family prices are essentially flat year-over-year, with the median price declining just $2,500 from $587,500 last July. This points more toward price stability than a significant decline in home values.

📦 Residential Inventory

Includes all residential property types

14,296 active listings in July 2026
Compared with 13,511 in July 2025
Up 5.81% year-over-year
That's 785 more active listings

➡️ Growing inventory continues to be an important part of the market. Buyers have more homes to choose from, while sellers have more competition than they did a year ago.

🔍 Market Review

For buyers, conditions are improving. Inventory is up 5.81%, homes are taking longer to sell, and prices are essentially flat year-over-year. That combination can create more room for negotiation and less pressure to make rushed decisions.

For sellers, demand hasn't disappeared—sales are actually up 1.35% year-over-year—but increased inventory means buyers have alternatives. Pricing correctly from the beginning and making a property stand out are increasingly important.