The Week In Review: July 14th, 2026

Finding the Summer Rhythm

The spring housing market went out with a bang. Our team alone celebrated six significant closings in June. Even with several July settlements already on our calendar, active buyers still searching, and new listings preparing to launch, the Washington region appears to be finding its summer rhythm.

Across the region, nearly 5,300 homes closed in June, a 4.4% increase over June 2025, according to Bright MLS. Buyers continued to pay up: the median sale price reached $675,000, up 3.8% year over year and just shy of the region’s all-time high. Homes also continued to sell quickly, going under contract in a median of just 11 days.

Buyers finally have more choices. More than 5,450 new listings came to market in June, while active inventory climbed 9% from a year ago to just over 11,000 homes. That pushed supply to 2.69 months, still well below a balanced market but noticeably improved from recent years.

More inventory, however, has not translated into more contracts. New pending sales were essentially unchanged from last June and fell 8% from May, suggesting that higher prices are beginning to temper demand. Condominiums are feeling the shift most acutely, with pending sales down nearly 15% year over year.

Within the District, closed sales rose a healthy 7.2%, though the median price slipped 1.2% to $700,000. Inventory has also expanded, with 5.22 months of supply, making Washington by far the best-stocked market for buyers in the region.

The first half of 2026 demonstrated that buyer demand remains remarkably resilient. Looking ahead, I expect a more selective market rather than a weaker one. Well-priced, well-prepared homes continue to attract strong interest, while buyers have become increasingly willing to wait when value isn’t immediately apparent