July Townhouse/ Condo Market Update

by Joe Pierson

📊 July 2026 Townhouse & Condo Market Overview

July's townhouse and condo numbers point to a softer, more buyer-friendly market. Prices are holding relatively steady, but fewer properties sold, homes are taking longer to sell, and overall residential inventory is higher than a year ago.

🏘️ Homes Sold

934 condos/townhomes sold
Down 6.79% from July 2025

➡️ Sales activity declined noticeably year-over-year. This suggests demand in the condo/townhome segment is softer than it was last summer.

⏳ Median Days on Market

47 median days on market
Up 9.30% from last month
An increase of 4 days from 43 days

➡️ Condos and townhomes are taking longer to sell, giving buyers more time to consider their options and potentially increasing negotiating leverage.

💰 Pricing Trends

Median Price per Sq. Ft.: $246.09
Median Condo/Townhome Sold Price: $410,000
Up 0.20% from July 2025

➡️ Despite slower sales, prices have remained remarkably stable. A 0.20% increase is essentially flat year-over-year, showing that the slowdown in activity has not translated into a meaningful decline in median prices.

📦 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 additional active listings

➡️ Buyers have more choices than they did last year. Higher inventory combined with longer selling times and fewer condo/townhome sales creates more competition among sellers.

🔍 Market Review

For buyers, conditions are becoming more favorable. Inventory is up 5.81%, condos and townhomes are taking longer to sell, and prices are essentially unchanged from last year. Buyers may have more opportunity to negotiate on price, closing costs, repairs, or other terms.

For sellers, the biggest number to watch is the 6.79% decline in sales. Buyers are still purchasing, but increased inventory means they have more alternatives. Competitive pricing and strong presentation are increasingly important.