Homes.com Report: U.S. Home Prices Edge Higher in June as Supply and Demand Trends Remain in Balance

About this update from Costar Group, Inc.

National price growth remained modest as rising sales and inventory point to a more balanced housing market despite differing conditions across local markets. ARLINGTON, Va., July 14, 2026 --( BUSINESS WIRE )-- Homes.com , a CoStar Group (NASDAQ: CSGP) leading online residential marketplace, released its June 2026 housing market report showing that the national median sale price rose to $401,000, up 1.5% from a year earlier. Home sales increased 6.1% year over year, while active listings were 4.2% higher than a year ago, indicating that both demand and supply continued to expand at a measured pace. Taken together, these trends point to a housing market that is more balanced than in recent years, with neither buyers nor sellers dominating at the national level. Price growth remained modest even as sales activity improved and inventory levels increased, reinforcing the sense of equilibrium across the broader market. Market conditions vary across major metros and property types Even with steady national signals, conditions differed across major housing markets. Some large metros, such as Chicago and Jacksonville, posted solid year-over-year price gains, while others showed flat or declining prices—with San Jose and Seattle posting the largest price drops of 4.6% and 3.1% respectively. Of the 933 markets nationwide tracked by Homes.com, 64% showed year-over-year gains in median sale price while 36% showed price declines. Inventory trends also diverged, with some markets experiencing notable increases in listings while others remained relatively constrained. Differences were also evident across property types. Prices for single-family homes rose more quicker than the overall market, while townhomes and condos saw more modest gains. Inventory increases were generally stronger for single-family homes than for other segments, suggesting that conditions can vary not only by location, but also by property type within the same broader market. "The June data indicate that the housing market is operating on a more even footing overall," said Brad Case, Homes.com Chief Residential Economist. "While national trends suggest a balance between buyers and sellers, local conditions vary widely, with some markets tilting toward tighter supply and others offering more negotiating room." Overall, June 2026 reflected a housing market defined by steady national performance and a growing range of local outcomes, as both supply and demand continued to adjust and align more closely. Additional market insights and reports are available at https://www.homes.com/reports/ .

View stock analysis, news, and events for Costar Group, Inc.