U.S. Housing Inventory Rises in July as Prices Stabilize
Event summary
- U.S. home inventory rose 2.8% month-over-month and 4.7% year-over-year in July 2026.
- Median home sales price remained flat at $450,000 month-over-month but increased 3.4% year-over-year.
- Months' supply of inventory increased to 3.0 from 2.7 in June 2026.
- Miami saw an 11.8% year-over-year increase in closed transactions, among the top five metros for annual sales growth.
- Days on market averaged 45 days, up three days from June 2026.
The big picture
The July 2026 RE/MAX National Housing Report highlights a mixed housing market with increasing inventory but stable prices. This trend reflects broader industry dynamics where localized conditions significantly impact real estate transactions. The data underscores the importance of regional analysis for buyers and sellers navigating a highly variable market landscape.
What we're watching
- Regional Market Dynamics
- How localized housing conditions will continue to shape buyer and seller experiences across different metros.
- Inventory Trends
- Whether the recent increase in inventory will sustain or if it is a temporary fluctuation.
- Pricing Stability
- The pace at which median home prices will adjust in response to changing inventory levels and market demand.