08/19/2026
Pending home sales dropped again in July. Down 2.3% from June nationally, 2.2% from a year ago.
Here’s the real reason. Rates hit their highest point of the year right in the middle of summer, when buyers are usually moving the most. Add in prices still sitting at record highs and people just aren’t rushing right now.
I’m seeing it play out the same way here in Lincoln County. Homes are staying on the market longer, 58 days compared to 52 last July. Closed sales are down 18% while new listings are up over 20%, so there’s more to choose from and less pressure to move fast. Median price is still climbing, now at $352,000, but buyers have room to negotiate that they didn’t have a year ago.
If you’ve been sitting on the sidelines waiting for a window, this might be it.
Every shift like this creates an opening for somebody. Worth finding out if it’s you.
Pending home sales in July decreased by 2.3% month-over-month and 2.2% year-over-year.
https://www.nar.realtor/newsroom/NAR-Pending-Home-Sales-Report-Shows-2-3-Decrease-in-July