February 2026
Despite improving affordability conditions, U.S. existing-home sales declined 8.4%
to a seasonally adjusted annual rate of 3.91 million, a 4.4% drop from one year
earlier, according to the National Association of REALTORS® (NAR). The slowdown
followed a 5.1% increase the previous month and modest gains throughout the fall.
Sales retreated month-over-month and year-over-year in all four regions.
New Listings were up 14.5 percent to 1,517. Pending Sales increased 7.2 percent to
1,165. Inventory grew 26.3 percent to 3,344 units.
Median Sales Price was up 2.9 percent to $274,400. Days on Market increased 3.4
percent to 61 days. Months Supply of Inventory was up 20.8 percent to 2.9 months.
Nationally, the median existing-home price inched up 0.9% year-over-year to
$396,800, a new high for the month, NAR reported. Home prices have continued to
rise across much of the country, in part due to low supply, which remains below pre-
pandemic levels. Total housing inventory stood at 1.22 million units as of the most
recent reading, up 3.4% from one year earlier, representing a 3.7-month supply at
the current sales pace.
Information courtesy of CMLS*
