Waco Metro Real Estate Update June 2026 Demand Rises While Prices Soften

We ran First Look Statistics for the month of June 2026 for the Waco Metro, and the story this month is a market with real momentum on the demand side even as prices give back a bit. Sales, pending units, and new listings are all up year over year, while average and median prices have softened. That combination points to a healthy, active market where more homes are trading hands, just at slightly more buyer friendly prices.

Key Highlights:

• Total Sales rose +8.0% year over year, climbing to 312 from 289 last June.

• Under Contract units jumped +15.7%, a strong signal that demand is building heading into summer.

• New Listings increased +17.7% while Withdrawn/Expired Listings fell -15.7%, meaning more sellers are committing to the market and fewer are giving up.

• Average Sold Price declined -9.9% to $340,602 and Median Sold Price dropped -5.0% to $285,000.

• Months of Inventory dipped to 4.7 from 5.0, keeping Waco in balanced territory with a slight tilt toward buyers.

Prices Soften While Demand Strengthens

Both average and median prices declined on a year over year basis, with the average down -9.9% and the median down -5.0%. The gap between those two numbers tells you something useful: the average fell harder than the median, which usually means the upper end of the market cooled more than the middle. As you can see in the chart above, prices have been rangebound for the past year, bouncing within a fairly tight band rather than trending sharply in either direction. The per square foot numbers reinforce this, with average price per square foot off only -3.4% and median off just -1.7%. That is a market resetting modestly, not one in decline. When demand is climbing and prices are easing at the same time, buyers are simply getting a better deal than they did a year ago.

Sales Volume Outpaces Last Year

Total sales came in at 312 units, up +8.0% from 289 a year ago. Looking at the chart, the 2026 line (black) has tracked above both 2024 and 2025 through the first half of the year, and the spring peak landed higher than the prior two years. This is the clearest evidence that Waco's market is not just stable but actively absorbing more inventory. More closings, faster too, with Average Days on Market dropping to 72 from 80, a -10.0% improvement. Homes that are priced right are moving, and they are moving quicker than they did last summer.

Pending Units Signal a Strong Second Half

Under Contract units surged +15.7% year over year to 302, and the pending units chart makes the trend obvious: the 2026 line (black) has run meaningfully above both prior years for most of the first half. Pending units are your best forward looking indicator because they predict closings 30 to 60 days out. This kind of strength in June suggests July and August closings should hold up well. Demand is not just present, it is accelerating, which is a genuinely encouraging sign as we move deeper into the year.

New Listings Rise, Withdrawals Fall

New Listings increased +17.7% to 445, and the chart shows 2026 (black) tracking right alongside the stronger 2025 pace through spring. At the same time, Withdrawn/Expired Listings dropped -15.7%, meaning sellers are both listing more and pulling back less. That is a confident seller base. The one thing to watch is that more new inventory combined with softer pricing can keep a lid on price growth in the near term. With Months of Inventory sitting at 4.7, supply and demand are close to balanced, which is exactly the kind of environment where well prepared buyers and realistically priced sellers both find success.

If You’re a Buyer

This is a favorable moment. Prices have eased year over year, you have more inventory to choose from than you did last summer, and sellers are showing a bit more willingness to negotiate with an average sold to list price of 96.6%. Demand is climbing, though, so the window of soft pricing and healthy selection may not stay this open. If you find the right home, the current mix of lower prices and reasonable competition works in your favor.

If You’re a Seller

Buyer demand is strong and homes are selling faster, but pricing discipline matters more than ever. With average prices down nearly 10% year over year and more new listings hitting the market, buyers have options and they are paying attention to value. Price competitively from day one and your home should move quickly given how much demand is in the market right now. Overprice it and you risk sitting while better priced competition sells around you.