Real Estate Dollar Volume Increased in First Half of 2026

The total dollar volume of closed real estate transactions increased in the first half of 2026, despite a decrease in the number of units sold across many markets, according to a new report by William Pitt-Julia B. Fee Sotheby's International Realty.

The report indicates that strong sales momentum in the second quarter brought transaction dollar volume for the first six months of 2026 ahead of the same period last year. This increase is primarily attributed to a higher mix of sales involving more expensive properties and rising median prices in most of the covered markets, which span parts of Connecticut, Massachusetts, and New York.

While the overall dollar value of sales rose, the number of individual homes or units sold was lower year-over-year in most areas. This disparity suggests more high-value properties are changing hands, and that sales prices are climbing. The ratio of list price to closing price was also notably high, particularly in mid-tier price ranges, where properties frequently sold above asking.

The market continues to favor sellers due to ongoing inventory challenges and heightened buyer demand. A positive sign for buyers is the increase in total standing inventory during the second quarter compared to the same period last year in most counties. The firm expects this growing supply to further facilitate robust sales activity in the coming months.

William Pitt-Julia B. Fee Sotheby's International Realty operates in Connecticut, Massachusetts, and New York. It is one of the largest affiliates within the global Sotheby's International Realty network.