Total Sales
2,061
-9.8% YoY
New Listings
4,991
-11.5% YoY
Active Listings
16,476
-4.0% YoY
HPI Composite
$1.09M
-6.2% YoY
Analyst View
July 2026 produced 2,061 sales — up 9.8% from last year but still 12.4% below the 10-year seasonal average. For the first time in months, all three property types posted year-over-year sales gains, which the GVR is calling a potential "shift" in the market. Don't be fooled: the uptick in transactions hasn't translated into price momentum. The composite benchmark sits at $1,088,800 — down 6.2% year-over-year and down 0.9% from May. Active inventory remains 26.8% above the long-run norm, giving buyers the leverage to keep prices in check even as activity picks up. New listings fell 6.0% year-over-year, a small tightening of supply, but the overall pool of 16,476 active listings is still more than enough to absorb current demand. The detached segment nudged back into balanced territory at a 12% sales-to-active ratio, while apartments and townhouses remain comfortably balanced. Bottom line: buyers are coming off the sidelines, but they're doing so into a market that's giving them no reason to rush.
