Midland TX Housing Market Update: July 2026
What the June Data Shows in Midland
July's market update uses June 2026 data because the completed monthly report follows the close of the reporting period. The June numbers show what already happened; they do not predict what will happen next. Use them to understand the environment, set expectations, and decide what kind of strategy your situation may require.
Think of it like a map. The map does not drive the car for you, and it does not decide where your life needs to go. A job change, a move, a property you inherited, or another personal reason may determine whether you need to act. The update helps you understand the roads, the direction, and the kind of terrain ahead so you can make that decision with clearer expectations.
Reading the Market Update
Here is the clean citywide view for June 2026. This uses the All New and Existing Residential category, which provides the broadest read across single-family, condominium, and townhouse activity in the Midland market report.
The key is not to list the numbers randomly. Real estate comes back to supply and demand, so months of inventory, active listings, and new listings should lead the read. Pending sales and closed sales help explain demand. Days on Market adds pace. Median price and average price show where the closed activity landed, but price should not carry the whole interpretation by itself.
The midpoint of the closed sales. It is useful, but it does not tell the whole story by itself.
Sat higher than the median. That can reflect more expensive homes closing, not necessarily a broad change in every price point.
Useful in a specific pricing conversation because it helps show how much room sellers had between original list price and the final sale.
This number connects the available supply with the pace of sales. Use it with active listings and pending activity to understand the inventory picture.
This identifies the homes buyers could compare and the listing set sellers had to understand before pricing.
Fresh supply added to the available listing pool, which expanded the comparison set in the market.
Buyer activity still working through the pipeline, not just listings remaining available.
A real transaction base to study instead of relying only on listings or asking prices.
Points to the pace of completed sales and keeps preparation and pricing in the conversation.
Do not let one number carry the whole read. Price is the attention-grabbing part, but supply, demand, and pace explain what kind of strategy the numbers support.
June 2026 Compared to Last Year
The year-over-year read gives a clearer description of what changed. Compared with June 2025, the June 2026 data had a lower median price, a higher average price, fewer closed sales, fewer new listings, fewer active listings, more pending sales, lower months of inventory, a slightly faster Days on Market number, and a higher close-to-original-list-price number.
That means the difference was not simply "stronger" or "weaker." The average price was higher while the median price was lower. Those two numbers can move in different directions when the mix of homes that closed changes, so neither one should be treated as proof that every home became more or less valuable. Inventory was lower than last June, while pending activity was slightly higher. If you are buying, compare price, condition, and available alternatives. If you are selling, compare your home with the homes buyers can see and the sales that are actually similar.
| Metric | June 2025 | June 2026 | Change |
|---|---|---|---|
| Median Price | $393,000 | $390,000 | -0.6% |
| Average Price | $465,814 | $475,621 | +2.0% |
| Closed Sales | 275 | 252 | -5.6% |
| New Listings | 404 | 357 | -11.6% |
| Active Listings | 740 | 722 | -2.4% |
| Pending Sales | 245 | 251 | +2.4% |
| Months of Inventory | 3.4 | 3.1 | -8.8% |
| Days on Market | 44 | 41 | -6.8% |
| Close to Original List Price | 96.1% | 96.6% | +0.5 pts |
| Year-over-year changes are rounded to one decimal place. Close to original list price is shown in percentage points. | |||
The Practical Read for Midland Right Now
Use the July update as context, not as the decision itself. The numbers give you the broader view of price, supply, activity, and pace. The next step is interpretation. Real estate is local, so a citywide number may look very different from the neighborhood, subdivision, price point, or property you are actually considering. Before you price, offer, or negotiate, bring the market update down to the specific home, its condition, its location, and the comparable sales that actually apply.
The facts give you the starting point. The value comes from translating those facts into a plan for the specific decision in front of you.
Texas Real Estate Research Center at Texas A&M University — Monthly Local Market Report: Midland Texas, June 2025
Texas Real Estate Research Center at Texas A&M University — Midland June 2026 Market and Zip Detail, Midland MSA, June 2026
Data: Permian Basin Board of REALTORS
Want help interpreting what this means for your move?
The update is the map. The next step is reading that map against your home, your budget, your timing, and your goals. If you are trying to buy, sell, or simply understand how these numbers apply to your situation in Midland, we can walk through the data with your actual situation in mind.