June 2026 Market Update
📊 Home Sales – 374 homes sold in May, down 10.7% year-over-year. While monthly closings were lower than May of last year, year-to-date sales remain up 1.8%, indicating that overall market activity continues to hold steady. Median sale price increased to $536,756, up 3.2% year-over-year, while the average sale price climbed nearly 11% to $674,889.
📝 Pending Sales – 420 homes went under contract in May, a 6.1% increase year-over-year. Year-to-date pending sales are up 5.0%, signaling continued buyer demand heading into the summer selling season. Strong contract activity suggests the recent slowdown in closed sales may be temporary.
💰 Pricing Trends – Average sale price reached $674,889, up 10.8% from last year. Median sale price increased to $536,756, up 3.2% year-over-year. Average list prices remained stable at approximately $853,000, while median list prices held near $610,000. Overall, pricing continues to demonstrate resilience despite higher inventory levels.
💎 Luxury Market – Higher-end homes continue to play an important role in Washington County’s market. A total of 47 homes sold for more than $1 million in May, compared to 40 during the same month last year. Sales above $2 million more than doubled year-over-year, reflecting continued demand from luxury buyers. This increased activity in the upper price ranges helped contribute to the rise in overall average sale prices across the market.
🏘️ Inventory Levels – 2,054 active homes were available for sale at the end of May, an 11.5% increase year-over-year. Buyers continue to benefit from more choices compared to last year. New listings totaled 612 for the month, down 5.3% from May 2025, suggesting inventory growth is being driven more by slower absorption than by a surge of new listings.
📦 Market Balance – The absorption rate increased to 5.66 months, up from 5.38 months last year. This places the market firmly within balanced territory, where neither buyers nor sellers hold a significant advantage. Increased inventory and steady buyer demand continue to support healthy market conditions.
⏳ Days on Market – Average cumulative days on market declined to 71 days, down 6.6% year-over-year, while the median remained unchanged at 42 days. Although year-to-date marketing times remain above 2025 levels, homes sold in May moved slightly faster than they did a year ago.
🔍 Market Insight – May reflects a market that remains healthy and balanced. Inventory levels continue to rise, giving buyers more options, while pending sales indicate demand remains active. Despite fewer closed transactions than last year, home values have remained stable to higher, particularly in upper price ranges. Overall, Washington County continues to exhibit the characteristics of a steady and sustainable real estate market.
⏳ Days on Market – Average cumulative days on market declined to 71 days, down 6.6% year-over-year, while the median remained unchanged at 42 days. Although year-to-date marketing times remain above 2025 levels, homes sold in May moved slightly faster than they did a year ago.
🔍 Market Insight – May reflects a market that remains healthy and balanced. Inventory levels continue to rise, giving buyers more options, while pending sales indicate demand remains active. Despite fewer closed transactions than last year, home values have remained stable to higher, particularly in upper price ranges. Overall, Washington County continues to exhibit the characteristics of a steady and sustainable real estate market.
