Home Prices Rise 2.6% YoY Despite Expanding Inventory

It’s always exciting to share good news about our housing market! In July, national home prices climbed 2.6%, bringing the median to $400,000. What’s interesting is that even with inventory up 4.4%, and home sales rising 2.9%, prices kept moving upward. Single-family homes saw a 2.5% increase, condos 2.3%, and townhomes 0.8%. As someone who’s passionate about real estate and helping folks find their place, I’m encouraged to see a market that continues to offer both new opportunities and steady growth. Every home search is an adventure, and I’m grateful to be part of the journey!