Right now, this is a
Seller's Market
Sellers have the advantage right now. Homes are selling in about 4 weeks. If you're buying, expect competition. If you're selling, this is a good time to list.
Cheap homes are selling less. Expensive homes are selling a lot more.
This is why: owners of lower-priced homes are the most likely to be sitting on a very low rate from years ago. Moving costs them the most, so fewer are doing it. At the top of the market, that math barely applies.
Houses are selling more. Condos are selling less.
Rising HOA fees and insurance costs have hit condos hard the last few years. Here's what that's actually done to sales.
Are you competing with investors, or with other families?
Every sale in July 2026, broken down by who made it.
Investors are pulling back and cash offers are fading — more room for regular buyers than a year ago.
of every 100 buyers are buying their first home
First-time buyers are holding their ground — no real shift from a year ago.
of every 100 sales go to investors — companies or people buying to rent out or resell, not to live in
down from 20 a year ago
Fewer bidding wars against investors — more room for people buying a home to actually live in.
of every 100 sales are all-cash — bought without a mortgage
down from 31 a year ago
Fewer cash offers to beat — buyers with a mortgage have a better shot than they did a year ago.
The national story isn't your local story.
How the starter-home slowdown and the luxury boom show up differently by region.
Northeast
Starter homes fell −8.1%, while the top of the market grew +17.3%.
Biggest gap between cheap and expensive homesMidwest
Starter homes fell −4.5%, while the top of the market grew +19.9%.
Biggest luxury boomSouth
Starter homes fell −0.1%, while the top of the market grew +13.9%.
Smallest gapWest
Starter homes are up +14.7% and the top of the market is up +7.1%.
Most balancedSource: National Association of REALTORS®, Existing-Home Sales, July 2026. Regional and price-tier figures are non-seasonally adjusted, compared year-over-year to avoid seasonal noise. Months supply and days-on-market are seasonally adjusted where available. Figures cover single-family homes unless noted.
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