Matt's Market Hot Take - July 2026
Posted by Matthew Fletcher on
- Overall, the current market is balanced. Supply currently matches demand, and as a result, prices have plateaued.
- Expected market time (no. of days to sell entire market inventory) is UP year over year in all price points up to $1.5m, but is trending SHORTER for all homes from $1.5m - $6m+! The luxury market is sizzling!
As the chart below shows, the expected market time, defined as the number of days it would take for the current inventory to sell if no new homes were added, is speeding up in the $1.5m+ market, while it's slowing below that price point. Historically, anything below $1.5m that's priced correctly flies off the shelf. It's been years since we've had enough inventory to satisfy the appetites of buyers at this attractive…
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