Home Prices Rise 2.6% YoY Despite Expanding Inventory

Watching the market shift, I’m reminded why Truth and Trust—TNT—guides every step I take with clients here in Summerville. July’s numbers show national home prices up 2.6% year over year, reaching a median of $400,000. Even as inventory expanded by 4.4%, sales climbed 2.9%. Price growth looked a little different across the board: single-family homes rose 2.5%, condos 2.3%, and townhomes 0.8%. These changes can feel overwhelming whether you’re buying for the first time, moving up, or looking for the right fit as life changes. My focus is helping you read between the lines and weigh what these numbers mean for your own next chapter.