Marketing Statistics June 2026

Market Summary for the Beginning of June

Here are the basics - the ARMLS numbers for June 1, 2026 compared with June 1, 2025 for all areas & types:

• Active Listings (excluding UCB & CCBS): 25,488 versus 26,580 last year - down 4.1% - and down 1.6% from 25,908 last month
• Active Listings (including UCB & CCBS): 29,220 versus 29,921 last year - down 2.3% - and down 3.1% from 30,162 last month
• Pending Listings: 4,800 versus 4,595 last year - up 4.5% - but down 12.6% from 5,492 last month
• Under Contract Listings (including Pending, CCBS & UCB): 8,532 versus 7,936 last year - up 7.5% - but down 12.5% from 9,746 last month
• Monthly Sales: 7,539 versus 7,120 last year - up 5.9% - but down 2.4% from 7,726 last month
• Monthly Average Sales Price per Sq. Ft.: $300.65 versus $300.02 last year - up 0.1% - but down 0.9% from $303.45 last month
• Monthly Median Sales Price: $455,000 the same as last year - but up 1.1% from $450,000 last month

Active listings without a contract are falling now and down over 4% from this time last year. When we include those in UCB and CCBS then they are still down compared with last year, but only by 2.3%. The peak for the year is now in the rear view mirror, and should remain this way until listing counts start to rise again in September. Overall supply is moving in a direction which is favorable to sellers.

The slightly less good news is that demand is moving in a direction that is favorable to buyers. Listings under contract are substantially lower than this time last month but the are still up compared to this time last year.

Closed sales are also up compared to a year ago, almost 6%. The comparison is fair because May 2025 and May 2026 both had 21 working days. However May 2026 was slightly less busy than April, down 2.5%. This is good news in disguise because April had 22 working days and the total for May should have had fallen by 4.5% to be running at the same rate. So a 2.5% fall is better than par and a positive sign not a negative one.

Overall, supply is just above normal and demand remains well below long-term averages. This means most buyers still have an edge is negotiations in the volume end of the market up to about $1 million. Above $1 million we are seeing an abnormal amount of strength which is tied directly to the abnormal strength of the stock market.

Pricing remains stable, but with inflation running at 3.8% annually, stable prices mean home are cheaper in real terms. The median $455,000 home should have increased in price to $472,290 to keep pace with the rest of the economy. The fact that it is still worth $455,000 twelve months later means it has lost $17,290 in value when we adjust for inflation. The Cromford® Market Index has been below 90 since January 2025, meaning that home prices are still expected to fall RELATIVE to INFLATION. The fact that prices are stable in nominal terms is consistent with a CMI between 80 and 90. Of course prices at the top end of the market are not stable - they are up. In fact it is fair to say the premium being paid for luxury homes is higher now than we have ever seen.