08/05/2026
July continued the momentum of our summer selling season, with 24 homes sold compared to just 10 last July - an incredible 140% increase in closed sales. Homes also sold 35% faster year-over-year, reinforcing that motivated buyers are still very much in the market.
Median sold price per square foot declined 16%, while the median sales price held at $857K, driven largely by the high number of homes sold in Steiner Ranch's sweet spot - between $600K and $1M.
One trend continues to stand out: 71% of homes that sold experienced at least one price reduction before going under contract. That's a strong reminder that buyers remain value-conscious and are rewarding homes that enter the market strategically priced. In fact, homes still averaged 98% of list price, proving that realistic pricing continues to pay off.
As we approach Labor Day, our busiest selling season will soon begin to wind down. Financing remains the primary way buyers are purchasing homes, suggesting many have adjusted to today's interest rate environment. However, the supply of inventory is starting to decline a bit, so buyers hoping to capitalize on deep discounts may find that window beginning to close.
The biggest takeaway from July? Demand remains strong - but today's buyers are more informed, more selective, and unwilling to overpay. Sellers who understand today's market and price strategically continue to achieve the strongest results.
If buying or selling is in your future, it's never too early to start planning. The best results come from having a thoughtful strategy long before you're ready to make a move. I'd love to help you create a personalized, actionable plan that aligns with your goals, timeline, and priorities.
