H1 2026 showed normalization, not a boom or bust, as higher rates, improving choice, and resilient demand created a more balanced market.
Avg. H1 inventory reached 731K homes, with 2.44 mo of supply, giving buyers more choice as the market became more balanced overall.
Demand stayed resilient: weekly absorbed inventory averaged ~78K homes in H1, showing buyers remained active even as affordability pressures persisted across the market.
Recent data showed ~82K new listings and >420K homes under contract, pointing to present demand and limited listing activity shaping market capacity.
For H2, watch whether listings recover, homeowner mobility improves, and local fundamentals keep shaping outcomes beyond any single market narrative for buyers and sellers.
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