09/22/2026
Housing market peaks in 2026 as sales surge but pending listings fall
July brought a notable shift in the housing market: completed home sales jumped 7%, largely reflecting contracts signed in June when mortgage rates held steady at 6.5%. Yet, while more homes changed hands, both pending sales and new listings dipped as rates edged up to 6.69%. Inventory inched higher, but the pace of home price growth slowed to just 2.1%—the slowest we’ve seen in ten years.
After guiding nearly 1,000 Chesapeake families and investors, I’ve learned how quickly these numbers ripple through real decisions. Whether you’re considering your first purchase or weighing your next investment, understanding how rates and inventory interact is key to finding your way home. I’m always here to help you see the story behind the stats—and navigate the path that’s right for you.