07/29/2026
Housing Market Snapshot | July 2026
Housing market conversations often include questions about whether the market is headed for a crash. Here's a look at some recent national data:
The median existing-home price is approximately $440,600, near a record high for June.
Mortgage delinquency and foreclosure rates remain well below the levels seen during the 2008 housing crisis.
Housing inventory is around 4.6 months of supply, which is below the 5–6 months often associated with a more balanced market.
Many housing economists describe 2026 as a period of market rebalancing, with conditions differing significantly from those that preceded the 2008 housing downturn.
Real estate markets are local, and conditions can vary by city, neighborhood, and price range. National trends provide context, but they don't reflect every market.
What trends are you noticing in your local area?