Homes.com Report: U.S. Home Prices Rise 2.6% Despite Expanding Inventory as Sales Continue to Grow

ARLINGTON, Va.--(BUSINESS WIRE)--Aug 18, 2026--

Homes.com, a CoStar Group (NASDAQ: CSGP) leading online residential marketplace, released its July 2026 housing market report, showing the national median sale price at $400,000, up 2.6% from July 2025. Home sales increased 2.9% year over year, while homes for sale rose 4.4% from a year earlier. Taken together, those figures point to a housing market that has remained firmer than many observers expected given the increase in mortgage rates during the spring and summer.

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Market conditions vary across major metros and housing types

Even with relatively steady national trends, housing market conditions continued to differ across major metropolitan areas. Several large markets posted stronger home-price growth, including Chicago, Baltimore, Pittsburgh, and New York, while prices were softer in markets such as Raleigh, Seattle, Dallas-Fort Worth, and San Jose. These differences underscore the increasingly important roles that local supply and demand play in shaping market outcomes.

Differences were also evident across housing types. Nationally, single-family home prices increased 2.5% from a year earlier, compared with gains of 2.3% for condos and 0.8% for townhomes. Inventory growth was strongest among townhomes, while single-family homes and condos experienced more moderate increases in homes for sale.

“July’s data show that home prices have continued to hold up despite conditions that many observers would have expected to place more downward pressure on the market,” said Brad Case, Homes.com Chief Residential Economist. “Mortgage rates rose substantially between late February and late July, but the mortgage lock-in effect appears to be easing, and more owners have been willing to put their homes on the market. Buyers, too, showed a greater willingness to transact at higher mortgage rates.”

Overall, July reflected a housing market characterized by modest national price growth, expanding inventory, and sales activity that remained above year-earlier levels. While local markets and housing types followed different paths, national home prices continued to show surprising durability in the face of a less favorable interest-rate environment and a larger supply of homes for sale.

Additional market insights and reports are available at https://www.homes.com/reports/.

AboutHomes.com

Homes.com is the fastest-growing residential real estate marketplace and a leading destination for homebuyers, sellers, and real estate professionals. A brand of CoStar Group (NASDAQ: CSGP), Homes.com is redefining online real estate by putting agents and homeowners first through a more transparent, agent-friendly marketplace.

Unlike traditional real estate portals, Homes.com is built around a simple principle: Your Listing, Your Lead™. By connecting consumers directly with the listing agent, Homes.com helps agents win more listings, generate more leads and deliver greater value to their clients. Millions of buyers use Homes.com ’s powerful search tools, rich property content, and AI-driven experiences to discover homes and connect with local real estate experts.

Backed by the largest marketing investment in residential real estate, Homes.com has invested $1.25 billion to build nationwide brand awareness, generating more than 100 billion impressions and establishing Homes.com as a household name among consumers. The platform continues to experience rapid growth, with 83 million average monthly unique visitors*, 115% year-over-year growth in organic search traffic, and more than 36,000 Member Agents joining in just two years.

Homes.com Membership gives agents exclusive marketing advantages and unmatched exposure to help grow their businesses. Based on an internal analysis of approximately 11,000 Member Agents, Members earned an average of $36,400 more in commission during their first year of membership. Members win 60% more listings and received five times more leads than non-member agents**.

For more information, visit Homes.com.

*The Homes.com Network, which includes Homes.com, the Apartments Network, and the Land Network, averaged 83 million monthly unique visitors through July 2026, according to Google Analytics.

** This figure represents an average of 11,000 agents who completed one full year of membership and is not a guarantee of future results. Individual results may vary based on market conditions, geographic location, agent activity, and other factors.

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted 118 million average monthly unique visitors in the second quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

Change in Sale Price in the Top 40 Markets

Annual Percent Change in Sale Price Market Rankings

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United States Change in Sale Prices

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United States Annual Percent Change In Sale Prices

United States Annual Change In Sale Prices

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Sale Prices and Annual Growth by Property Type

Key Indicators By Property Type

United States Map of Annual Percent Change in Sale Prices

Sale Price Diffusion

United States Sale Prices Key Indicators July 26

CAIRO (AP) — U.S. President Donald Trump threatened to bomb Oman because he is unhappy the country is close to a deal with Iran to manage ship traffic through the Strait of Hormuz, two regional officials said Tuesday, a day after Trump leveled the threat.

The officials said the Trump administration has told Oman it is opposed to parts of the yet-to-be-announced deal, including the joint Iranian and Omani management of the exit route out of the passage that’s critical to global supplies of oil and natural gas. The officials were briefed on the U.S. position and how the administration views Oman's position.

Meanwhile, a projectile hit a ship as it sailed out of the strait, and a cargo vessel was rendered a “constructive total loss” by multiple projectiles off the coast of Yemen, according to the British military's maritime monitoring agency. The defense ministry of the United Arab Emirates said two ballistic missiles were launched from Iran toward the UAE.

An Iranian official said the strait would not reopen until the United States meets Iran’s conditions.

The U.S. believes Oman has not been tough enough in its negotiations with Iran and is unhappy with Oman’s agreement to collect voluntary fees from vessels, even if the charges are related to security and maritime environmental protection, according to the officials, who spoke on condition of anonymity because they were not authorized to talk to journalists.

Trump on Monday threatened to bomb Oman as it works with Iran on a deal to open the strait and pave the way for the U.S. and Iran to resume negotiations to end the war.

He posted a map on social media Tuesday depicting the strait as a U.S. territory. The president first mentioned the idea in an offhand comment last week. On Monday, he told reporters in the Oval Office, “I like the idea of declaring it a territory,” without providing details.

The White House on Tuesday referred to Trump’s remarks in the Oval Office and declined to comment further about Oman.

Iranian Deputy Foreign Minister Kazem Gharibabadi appeared to respond to Trump’s post on social media depicting the strait as American territory.

“Just as Trump correctly wrote the name of the eternal Persian Gulf, his delusion regarding the Strait of Hormuz will soon either be corrected, or we will correct this deluded man’s delusions for him,” Gharibabadi wrote on X.

Trump's comment on Monday was not the first time he has threatened Oman. In May, he told reporters during a Cabinet meeting that Oman “will behave just like everybody else, or we will have to blow them up.”

Iran reiterated Tuesday that Tehran plans to maintain its grip on shipping traffic until Washington meets its conditions.

“Until the United States fulfills its commitments under the agreement, including lifting the blockade, releasing frozen assets, lifting oil sanctions, ending threats and military operations on all fronts, and implementing the other conditions to which it committed, the Strait of Hormuz will not reopen,” said Mohammad Bagher Qalibaf, Iran’s parliamentary speaker and negotiator in previous talks with the U.S.

The Egyptian Foreign Ministry said Tuesday that the Iranian-Omani deal could pave the way for Washington and Tehran to return to negotiations for a “comprehensive and permanent deal that addresses all concerns and enhances regional security and stability."

The statement came after a meeting between Egyptian Foreign Minister Badr Abdelatty and Omani counterpart Badr al-Busaidi. But it did not address Trump’s latest threat against Oman.

Trump said Tuesday the U.S. has no planned talks with Iran but insisted the strait is “open and operating,” despite limited traffic, the reported boat strike and the end on Monday of the 60-day negotiating period between the countries.

Trump wrote on social media that a U.S. blockade of the strait remains “in full force and effect,” adding that all water mines have been removed.

As the talks between Iran and Oman continue, more attacks were reported in the region.

Both missiles fired at the UAE fell into the sea, the UAE Defense Ministry said. No damage or injuries were reported. There was no immediate statement from Iran.

The ministry later said assessments showed that the missiles targeted maritime traffic. It was not clear whether they directly targeted UAE ships or the country’s territorial waters.

In the weeks after the U.S. and Israel launched a war against Iran on Feb. 28, the UAE was frequently targeted by Iranian missiles and drones, but Tuesday’s reported attack was the first in weeks.

An unidentified projectile hit a ship early Tuesday in the strait off the coast of Oman, damaging the engine room and causing a casualty, according to the U.K. Maritime Trade Operations center.

The monitoring agency did not release any details about the ship or its cargo, and it was unclear whether the crew member was killed or wounded. The agency said the Omani Coast Guard was assisting other crew members and that authorities were investigating.

Elsewhere, the cargo ship that was deemed a loss was struck about 40 nautical miles (74 kilometers) southeast of Mokha, Yemen, the UKMTO center reported.

The center did not identify the projectiles or those responsible.

The Iran-aligned Houthi rebels resumed attacks on commercial shipping in the Red Sea in July and escalated attacks on Yemen’s Saudi-backed government forces. The renewed assaults have threatened shipping through the Bab al-Mandab Strait, another key global trade route.

In other developments, the Houthis claimed they fired drones at an oil refinery in neighboring Saudi Arabia, the latest attack that threatened to reignite Yemen’s civil war and open another front in the Middle East.

The attack targeted a facility run by Saudi Aramco, Saudi Arabia’s state-owned oil company, according to a report by the Houthi-run SABA news agency. There were no immediate reports of damage or comment from Saudi Arabia.

Associated Press Writer Sally Abou AlJoud in Beirut contributed to this report.

A small boat sails past cargo ships and other commercial vessels anchored in the Strait of Hormuz off Bandar Abbas, Iran, Wednesday, Aug. 5, 2026. (Amirhosein Khorgooi/ISNA via AP)

People spend time at a beach as commercial vessels are anchored in the Strait of Hormuz off Bandar Abbas, Iran, Wednesday, Aug. 5, 2026. (Amirhosein Khorgooi/ISNA via AP)