U.S. housing market reaches balanced territory in 2026

The United States housing market has reached a period of relative balance in 2026. According to data from the National Association of Realtors, there were 1.54 million existing homes for sale in July 2026, representing a 4.6-month supply.

Historically, a supply of four to six months indicates a balanced market where neither buyers nor sellers hold a significant advantage. This represents a notable shift from previous years characterized by limited inventory that favored sellers. While the national average suggests balance, market conditions continue to vary significantly by metropolitan area, neighborhood, and property type.