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June delivered the highest monthly sales count of 2026 in the Vancouver Region, with activity rising both month-over-month and year-over-year. Zoom out, though, and the picture remains soft: this was still the third-fewest June sales in over two decades, and the first half of 2026 registered the fewest since at least 2005. New listings eased for a sixth straight month and inventory remained below last year's level.
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May registered the highest monthly sales count so far this year in Greater Victoria, though activity was still well short of typical May levels. Meanwhile, inventory continued on its upward trajectory reaching its highest level in any month since late 2014. These opposing forces have worked to push overall market conditions further into balance.
New listings in the Coachella Valley dropped to their lowest June level in more than a decade. Meanwhile, sales moved in the opposite direction, posting their strongest year-over-year gain of 2026, though they held well below long-run monthly norms. The result was inventory below the prior year’s level for the fourth consecutive month after it had increased on a year-over-year basis for 28 consecutive months.
San Diego's housing market remained tight in May, with a sellers' market intact across the detached segment despite modest declines in sales and listings. A surging inflation print and rising wholesale prices signal that the "higher for longer" rate environment is far from over.
Inventory in King County climbed to its highest May level in over a decade while sales remained well below historical norms. With inflation re-accelerating and mortgage rates rising, demand is unlikely to find a meaningful catalyst anytime soon.
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