The 2026 market looks remarkably like the 2025 market. One difference is we have about 7% more inventory in 2026 than in 2025. That doesn’t seem like much but it does create more options for buyers and we can certainly feel it in the slower velocity of buyer decision making.
Sales Price:
These indicators, using trailing 12 month data and across all residential product types, show continued price increases in both median and average pricing, albeit modest.
Median is up to $1.1m.
Average is up to $1.461m.
Active Listings:
July and August 2026 had the highest number of active listings in the history of the data set which goes back to 2018. This explains the experience we are having of listings sitting longer and buyers moving slower.
Sold Listings:
With the high number of pending sales in August (see statistic below), I anticipate that we will see September beat last year’s September sales.
Pending Listings:
August has 173 pending sales which is more than we have seen in any month since 2021. A good sign that the market remains steady.
Days on Market:
Trailing 12 months data has days on market at 78, a slight drop from July. DOM have been going up since 2022 showing the trend of a switch from a very competitive sellers market to a more balanced market.
Summary:
We are experiencing a very similar. market to last summer – good, but not gangbusters. It feels like the buyers have a slight advantage, but many sellers here are holding out for their price/terms which means they may need to wait. I would characterize the feeling of the market as driving 45 in a 60 mph zone.
We don’t anticipate any changes in interest rates in the near future, which is one of the most influential levers in the strength of our market. With steady economic news and stable interest rates, the market will likely continue on this current path for at least the next 12-18 months.