REAL ESTATE JERKY DAILY

Sellers Face Reality as National Price Reductions Break 40%

July 20, 2026 · 05:49

Ed Parcaut and Mike Kelly cover national housing inventory, price reductions, mortgage rates, oil prices, and Stanislaus County real estate activity. National inventory jumped by 15,348 listings to 859,353 after the July Fourth holiday stretch. The median list price stayed at $449,900, days on market held at 63, and price reductions moved above 40%. Ed and Mike also review local active listings, pending sales, July closings, mortgage-rate pressure, oil near $80, and the jobs and housing reports coming this week. A fast real estate and mortgage market update with the usual Real Estate Jerky bite.