March 2026
U.S. existing-home sales unexpectedly rose 1.7% month-over-month to a
seasonally adjusted annual rate of 4.09 million, as lower mortgage rates helped
boost buyer activity, according to the National Association of REALTORS® (NAR).
Monthly sales increased in the Midwest, South, and West but decreased in the
Northeast. Sales increased year-over-year in the South, but fell in the Northeast,
Midwest, and West.
New Listings were up 18.7 percent to 1,948. Pending Sales increased 10.1 percent
to 1,494. Inventory grew 33.4 percent to 3,481 units.
Median Sales Price was up 0.7 percent to $275,000. Days on Market increased 1.8
percent to 58 days. Months Supply of Inventory was up 25.0 percent to 3.0 months.
Data from NAR show that inventory continued to grow nationwide, ticking up 2.4%
month-over-month and 4.9% year-over-year to 1.29 million units heading into
March, representing a 3.8-month supply at the current sales pace. Meanwhile, home
prices increased for the 32nd consecutive month, climbing 0.3% year-over-year to
$398,000.
Information courtesy of CMLS*
