July home sales reversed a five-month growth trend with a slight 0.7% month-over-month decline, according to the latest REMAX National Housing Report. One year-over-year basis, sales were up 0.6%, although sales took longer to complete – an average of 44 days on the market, up from 37 days one year earlier and three days longer than June.
Out of the 52 metros analyzed by REMAX, the markets with the greatest year-over-year sales percentage increases were Raleigh at +19.5%, Bozeman, Montana, at +17.7%, and Manchester, New Hampshire at +12.4%. The markets with the biggest decrease in year-over-year sales percentage were Dover, Delaware at -10.9%, San Antonio at -10.3%, and Miami at -6.8%.
REMAX also reported nationwide inventory was down by 0.8% from June but was 27.7% higher than July 2024. A 2.5% drop in new listings contributed to the monthly decrease, although new listings were still 4.4% above last year’s levels.
The median sales price in July was $450,000, down 1.1% from June – which REMAX attributed to a seasonal trend – while year-over-year prices were 2.3% higher.
“July’s housing data reflects a market that’s adjusting seasonally,” said REMAX CEO Erik Carlson. “Homes are taking a bit longer to sell, but inventory has remained consistent and prices have held steady. That’s a sign of resilience—and continued opportunity for both buyers and sellers.”
