08/17/2026
📊 Yellowstone County Real Estate Snapshot – July 2026 🏡
It's been a beautiful summer with a balanced market for both sellers and buyers.
Median Home Price: $401,825
– We've reached a new high point for our market! For homeowners, that means your equity has never been stronger. For buyers, while prices have climbed, our local market continues to offer real value — quality homes, established neighborhoods, and a community that holds its worth.
Median Days on Market: 32 days
– Things have slowed a little bit from last month as families prepare for back to school.
Months Supply of Inventory: 3.0 months
– This shows a healthy supply of homes for sale, while also indicating a strong demand for those homes.
List-to-Sale Price Ratio: 98.6%
– This has held steady over the summer, meaning sellers are consistently getting close to their asking price. That's a strong signal of buyer confidence in our market.
📈Interest Rate Context – Then vs. Now
National July 2026 Mortgage Rates:
The 30-year fixed-rate mortgage averaged 6.66% as of July 30, 2026, while the 15-year fixed averaged 6.04%.
One year ago, the 30-year fixed averaged 6.72% — so rates are actually slightly better than last summer.
Per Freddie Mac.
🏘 National Housing Trends
The national median existing-home price rose 2.0% year-over-year to $434,100 in July, marking the 37th consecutive month of annual price gains, per NAR's report.
🔗 https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales
NAHB Builder confidence:
Home builder confidence rose 1 point in July, but economic uncertainty remains a factor weighing on builders.
🔗 https://www.nahb.org/news-and-economics/press-releases/2026/08/affordability-pressures-keep-builder-confidence-low
Elizabeth explains everything about the July market in her latest video, check it out!
https://www.youtube.com/watch?v=PX_tsTrNzsw
