Central Lakes Association of REALTORS Reports July 2026 Housing Market Trends

Central Lakes Association of REALTORS — July 2026

In July 2026, the Central Lakes Association of REALTORS reported a total of 197 home sales, with an average selling price of $840,581. New listings totaled 1,720, reflecting a 16.3% decline in sales year-over-year.

Market Analysis

The Central Lakes housing market is currently characterized as a buyers' market, with a significant year-over-year decrease in sales activity. The average price of homes sold in July stands at $840,581, indicating a slight stabilization in pricing compared to previous months. However, the total sales volume has dropped by 16.3% compared to the same period last year, suggesting a cooling in buyer demand amidst a healthy inventory of new listings.

Property Type Analysis

While detailed breakdowns for specific property types are not available this month, the overall market dynamics indicate that buyers have a variety of options to choose from, particularly with 1,720 new listings entering the market. This influx of new listings may provide opportunities for buyers across different property types, including detached homes, townhouses, and apartments.

Regional Highlights

In the Durham Region, home sales totaled 713 in July, down 12.6% from June, while the average selling price remained stable at $840,581. Meanwhile, Hastings County experienced a more pronounced decline, with 197 sales, a decrease of 24.5% from the previous month, and an average price of $518,414, reflecting a 4.7% drop from June.

For Buyers

Prospective buyers are encouraged to take advantage of the current market conditions, as the increase in new listings provides a wider selection of homes. It is advisable for buyers to work closely with a REALTOR® to navigate the local market trends and identify properties that meet their needs.

For Sellers

Sellers should be aware of the declining sales trend and consider pricing their homes competitively to attract potential buyers. Engaging a REALTOR® can provide valuable insights into local market conditions and help sellers position their properties effectively to maximize interest.