July 2026 - Monthly real estate update for Placer County

We’ve reached the halfway point of the year. The US economy showed resilience in spite of some softening. June nonfarm payrolls added just 57,000 jobs which was below expectations, though unemployment dipped to 4.2%. The services sector PMI edged down to 54.0 but remained expansive, with employment rebounding. The Fed held rates at 3.50%-3.75% under new Chair Warsh, amid forecasts of ~2.0-2.1% GDP growth for 2026 tempered by inflation and geopolitical risks.

Global growth is projected to slow, with the IMF forecasting 3.0% for 2026 and the World Bank at 2.5%—impacted by Middle East conflict-driven energy shocks and inflation. India leads major economies at 6.4%, ahead of China (4.6%) and the US (2.3%). AI/tech momentum has provided some offset to war-related headwinds.

The national housing market is gradually balancing, with median listing prices declining (~2.5% YoY in June) and rising inventory/pending sales giving buyers more leverage. Affordability has improved modestly amid steady rates near 6.5%. And keep in mind, national trends dont always match up with our local trends.

Locally, conditions remain softer but stable, with median sale prices are down approximately 2.1% YoY. Homes are selling in ~18 days with moderate competition; inventory growth supports a shift toward a more balanced market favoring well-priced properties.

Overall, the economy demonstrates resilience amid uncertainty from energy prices, policy shifts, and geopolitics. AI-driven productivity offers upside potential. Stay tuned for evolving developments.

Placer County

Residential homes for sale increased by 9.7% for June, which is 8.5% less than last year. Pendeds fell 2.9% from May to June, but it’s a little better than pending activity from 2025.

Sold homes fell .2% after strong buyer activity in May. The number of homes Sold also rose 20.6% over the same month last year, which is a good indication for sales volume.

Days on market fell from 42 to 35, a 16.7% improvement. The List Price to Sold Price rose back to 99% from 98% the previous month, which may be a result of slight improvement in mortgage rates.

The Median Sold Price for Single Family Homes fell by .7% from $685,000 to $680,000. A 2.9% reduction from the same month last year.

The inventory levels increased modestly from 2.2 months to 2.4, which is about 2.9% lower inventory than this time last year. So if you find it hard to find the right home, it’s not just you!

June is showing strength overall, but the sales volume and inventory levels just arent there for 2026.

Tri county 

Homes for sale increased by 6.2% in June, following a seasonal pattern of increasing listing inventory since December. This is 6.8% lower than last year though, and the market continues to feel the impact of gas prices, inflation, and the slowing mid-east conflicts.

Pendings rose by 7.9, continuing an upward trend for market activity, also 18.1% better than 2025 showing more activity for this year. In spite of stubborn mortgage rates in the higher 6’s, many buyers are making the decision to move forward instead of waiting. 

Home sales rose 5% after declining in May. A slight drop in mortgage rates and some positive progress in Iran have given buyers renewed confidence in the market.

Days on Market held stable at 35 days, and the List Price to Sold Price ratio held unchanged at 99%. Homes are selling 1 day faster than 12 months ago, supporting my expectation of a similar market to 2025.

The Median Sold price of Single Family Homes held unchanged at  $610,000, which is the same price from the same month 1 year ago. I’m curious to see if price appreciation outperforms 2025, or if we see another flat year.

The Months of Inventory held stable at 2.3 months, which is just slightly on the side of a Seller’s market. If inventory levels start getting closer to 4+ months we could see more of a shift to a TRUE Buyers market.

The increased level of Pending and sales activity is a positive sign for the market, but I wouldnt get overly excited. It may start to stabilize or even drop off in the July data.

If you’d like a PDF report for your local area, comment with your zip code, and I’ll send it over!