Housing market peaks in 2026 as sales surge but pending listings fall

July brought a 7% increase in completed home sales, thanks to contracts locked in during June when mortgage rates stood at 6.5%. However, as rates nudged up to 6.69%, both pending sales and new listings took a dip. Inventory has inched up a bit, while home price growth has eased back to 2.1%—the slowest pace we’ve seen in the past ten years. As someone who’s guided buyers and sellers through countless market cycles across Oxford, Lapeer, and Lake Orion, I know these shifts can feel overwhelming. My goal is always to keep you informed and prepared at every step, ensuring your real estate journey is as smooth as possible, whatever the market brings.