Home Prices Rise 2.6% YoY Despite Expanding Inventory

National home-price growth was modest in July, with the median sale price at $400,000, up 2.6% year over year. Home sales rose 2.9%, and inventory increased 4.4%. Price growth varied by metro area and housing type, with single-family homes up 2.5%, condos 2.3%, and townhomes 0.8%. Despite higher mortgage rates, both sellers and buyers remained active, supporting market stability.