#United States #Denver #Real Estate #homebuyers #REMAX

Increased Inventory Provides Homebuyers with More Choices as Prices Remain Steady in July

In July 2026, homebuyers were presented with increased options as the real estate market saw a notable rise in inventory. According to the latest REMAX National Housing Report, the number of homes available for sale increased by 2.8% compared to June and by 4.7% compared to the same month the previous year. This uptick in inventory helped stabilize home prices, which remained flat month-over-month at a median price of $450,000—marking a 3.4% increase compared to the same time last year.

The report analyzed data from 46 metropolitan areas, revealing localized variations in market conditions. While some regions experienced significant growth in inventory and available months of supply, others continued to face tighter restrictions, impacting buyers and sellers differently depending on their locality. For instance, Miami saw closed transactions rise 11.8% year-over-year, positioning it among the top five metro areas for notable sales growth.

Market Insights
The report indicated that while home sales nationally dropped 5.7% month-over-month, they still trended upward at 2.5% compared to the previous year. Moreover, new listings decreased by 2.7% from June but experienced a modest increase of 1.4% compared to July 2025. The months' supply of inventory rose to 3.0, up from 2.7 in June and 2.9 the previous July. On average, homes sold in July remained on the market for 45 days, which is slightly longer than the previous months.

Key metrics captured in this report provide further insights into housing market dynamics:

• - The median listing price of new listings dipped 1.1% month-over-month but increased 1.8% year-over-year.
• - The close-to-list price ratio remained unchanged at 99%, indicating consistency in the sale prices relative to listing prices.

Regional Highlights
This month’s data reflects a diverse landscape for homebuyers. Some areas showed prolific activity, such as:

• - Anchorage, AK: A staggering 21.6% year-over-year increase in new listings, bringing the total to 805 homes.
• - St. Louis, MO: New listings rose by 12.3%, increasing from 4,087 in July 2025 to 4,590.

Conversely, certain markets faced declines in new listings:

• - San Antonio, TX: New listings dropped by 11.3%, from 4,999 in July 2025 to 4,433.
• - Baltimore, MD: Registered an 8.1% decrease.

The number of closed transactions represents a contrasting trend, with some metro areas seeing impressive increases:

• - Bozeman, MT: Sales surged by 22.9% year-over-year.
• - Miami, FL: Posted an 11.8% increase, reflecting a thriving local market.

However, some cities faced setbacks in closed transactions:

• - Raleigh, NC: Sales dropped 7.3% year-over-year.
• - Birmingham, AL: Experienced a decline of 4.9% in home sales.

Price Fluctuations
In July, the median sales price across the analyzed metro areas remained at $450,000, showing stability while rising 3.4% compared to last year. Regions demonstrating significant year-over-year increases in median sales price include:

• - Trenton, NJ: Up 8.1% to $574,500.
• - Chicago, IL: Up 5.7% to $390,000.

On the flip side, some markets experienced reductions in median sales prices:

• - Bozeman, MT: Down 12.6% to $690,000.
• - San Antonio, TX: Down 3.2% to $319,000.

With the close-to-list price ratio remaining stable at 99%, the real estate market shows consistency in pricing, as many homes sold at or near their listing prices. Insightful market conditions are crucial for buyers and sellers navigating the complexities of today’s housing landscape.

In conclusion, the July 2026 REMAX National Housing Report indicates a positive shift for home buyers with increased choices and steady prices. Nonetheless, localized market conditions vary, underscoring the need for potential buyers to remain informed about conditions in their specific areas as they embark on their home-buying journeys.