In summary, compared to July 2025, the July 2026 stats show:

• Active listings increased 19.8%
• Closed sales decreased 3.2%
• Pending sales declined 7.2%
• The median sales price decreased 1.5%
• Keybox activity and scheduled showings were lower

Steven Bourassa, Director of the Washington Center for Real Estate Research: “Interest rates, which averaged over 6.5% during the month (slightly higher than the previous month), continued to discourage buyers. The Federal Reserve Bank’s Federal Open Market Committee (FOMC) kept short-term interest rates unchanged when they met late in the month due to the ongoing pressures of high inflation stemming from the continuing war with Iran. Expectations are that the FOMC will increase short-term rates later this year and early next year, implying that longer-term rates are also likely to go up.”

Source: NWMLS 8/4/26