The National Association of Realtors is reporting that existing home sales dropped 1.7% in July, 2026 to a seasonally-adjusted annual rate of 4.06 million. Total housing inventory at the end of July was 1.54 million units, down 1.9% from June and down 0.6% from one year ago. Unsold inventory sits at a 4.6-month supply at the current sales rate. The median existing-home price for all housing types in July was $434,100 – the 37th consecutive month of year-over-year price increases.
“Home sales have been remarkably stable, even amid the rising mortgage rate environment of the past few months…Year-to-date sales are up 2.4% and there’s no doubt that the housing market would be thriving if average mortgage rates were to return near 6%.” Said the NAR’s Chief Economist, Lawrence Yun.
Click here to read the full release at the National Association of Realtors.
