JUNE 2026 – Sales Hold Steady as Inventory Continues to Tighten
Last month we saw our local residential property sales numbers follow a similar trend to that of May last year, while total listing inventory decreased by nearly 11%, landing at 3,095 active listings. The overall average price across all residential categories combined is currently sitting at $852,643, with a price decrease of about 2% below last May’s average price.
The table below highlights where the 431 total monthly sales came from and where inventory levels are sitting for each property type. On average, it is taking about 56 days to sell a home, depending on the category.
SINGLE FAMILY HOME MARKET UPDATE
Sales in the single-family sector decreased by nearly 7%, coupled with a 12% decrease in inventory compared to last May. Last month we also saw a 3% decrease in average price compared to the same time frame last year.
TOWNHOUSE MARKET UPDATE
Sales in the townhouse market slowed sitting 26% below last years numbers. Inventory decreased by 2%, holding the total percentage of Townhomes in our active listing inventory at just below 14%!
CONDO MARKET UPDATE
Last month condo sales increased by 25%, while available listings levels dropped by nearly 17%. Average prices stayed fairly close to last years trends with only a 2% difference compared to May of last year.
SUPPLY & DEMAND
The months of inventory levels are our best way to determine the strength or weakness of the market…and to recap our benchmarks:
Less than 4 Months of Inventory is a Seller’s Market
4 to 6 Months of Inventory is a Balanced Market
More than 6 Months of Inventory is a Buyer’s Market
We’ve been tracking the Months of Inventory – the graph below outlines how the fifth month of 2026 went compared to the same time periods in the previous 3 years. In May 2026, we were sitting at 7.2 months of inventory, down from 7.7 months in May of 2025. This keeps us in a buyer’s market for now, offering more options for buyers as the spring market continues!
What does all this mean? Is now the time to make a move? I would love to discuss what may be right for you – Please feel free to reach out any time!
