Washington, D.C., April 13, 2026 (GLOBE NEWSWIRE) — Present-home gross sales decreased by 3.6% month-over-month in March, in line with the Nationwide Affiliation of REALTORS® Present-House Gross sales report. The report supplies the true property ecosystem—together with brokers, homebuyers and sellers—with knowledge on the extent of dwelling gross sales, value, and stock.
“March home sales remained sluggish and below last year’s pace,” mentioned NAR Chief Economist Dr. Lawrence Yun. “Lower consumer confidence and softer job growth continue to hold back buyers.”
Month-over-month gross sales fell in all 4 areas. Yr-over-year gross sales rose within the South and West and fell within the Northeast and Midwest.
“Inventory remains a major constraint on the market,” Yun mentioned. “The inventory-to-sales ratio, or supply-to-demand ratio, is below historical norms. An additional 300,000 to 500,000 homes for sale would help bring the market closer to normal conditions and allow consumers to make purchase decisions without feeling rushed.”
“Because inventory remains limited, the median home price rose to a new record high for the month of March,” Yun added. “That price growth has helped the typical homeowner accumulate $128,100 in housing wealth over the past six years.”
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NAR additionally revised its 2026 housing forecast. As a result of upward trajectory of mortgage charges, NAR now expects existing-home gross sales to extend 4% this 12 months, down from the earlier projection. New-home gross sales are actually anticipated to stay flat, a downward revision from the prior forecast of a 5% acquire. The median dwelling value forecast stays unchanged, with costs nonetheless projected to rise 4% in 2026.
“Mortgage rates have been rising, and that has led us to trim our home sales outlook for the year,” mentioned Yun. “Even with a more modest pace of sales growth, home prices continue to steadily increase due to minimal inventory growth.”
Nationwide Snapshot
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Complete Present-House Gross sales for March
3.6% lower in existing-home sales1 month-over-month to a seasonally adjusted annual fee of three.98 million. 1.0% lower in gross sales year-over-year.
Stock in March
1.36 million items: Complete housing inventory2, up 3.0% from February and a pair of.3% from March 2025.4.1-month provide of unsold stock, up from 3.8 months final month and up from 4.0 months one 12 months in the past.
Median Gross sales Value in March
$408,800: Median existing-home price3 for all housing sorts, up 1.4% from one 12 months in the past ($403,100)—the thirty third consecutive month of year-over-year value will increase.
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Housing Affordability in March
The Housing Affordability Index fell barely to 113.7 in March, down from 117.5 in February and up from 104.2 a 12 months in the past. Yr-over-year, affordability improved throughout all areas. Northeast +4.1percentMidwest +5.3percentSouth +10.0percentWest +12.7%
Single-Household and Rental/Co-op Gross sales
Single-Household Properties in March
3.5% lower in gross sales month-over-month to a seasonally adjusted annual fee of three.63 million, down 0.3% from March 2025. $412,400: Median dwelling value, up 1.3% from final 12 months.
Condominiums and Co-ops in March
5.4% lower in gross sales month-over-month to a seasonally adjusted annual fee of 350,000, down 7.9% from final 12 months. $371,500: Median value, up 2.3% from March 2025.
Regional Snapshot for Present-House Gross sales in March
Northeast
8.5% lower in gross sales month-over-month to an annual fee of 430,000, down 12.2% year-over-year. $494,500: Median value, up 5.7% from March 2025.
Midwest
4.2% lower in gross sales month-over-month to an annual fee of 920,000, down 3.2% year-over-year. $315,500: Median value, up 4.9% from March 2025.
South
3.1% lower in gross sales month-over-month to an annual fee of 1.86 million, up 2.2% year-over-year. $362,600: Median value, up 0.8% from March 2025.
West
1.3% lower in gross sales month-over-month to an annual fee of 770,000, up 1.3% year-over-year.$613,400: Median value, down 1.3% from March 2025.
REALTORS® Confidence Index for March
41 days: Median time on marketplace for properties, down from 47 days final month and up from 36 days in March 2025.32% of gross sales have been first-time homebuyers, down from 34% in February and unchanged from one 12 months in the past.27% of transactions have been money gross sales, down from 31% a month in the past and up barely from 26% in March 2025.18% of transactions have been particular person buyers or second-home patrons, up from 16% final month and 15% one 12 months in the past. 2% of gross sales have been distressed sales4 (foreclosures and quick gross sales), down from 3% final month and March 2025.
Mortgage Charges
6.18%: The typical 30-year fixed-rate mortgage in March, in line with Freddie Mac, up from 6.05% in February and down from 6.65% one 12 months in the past.
Concerning the Nationwide Affiliation of REALTORS®The Nationwide Affiliation of REALTORS® is concerned in all elements of residential and industrial actual property. The time period REALTOR® is a registered collective membership mark that identifies an actual property skilled who’s a member of the Nationwide Affiliation of REALTORS® and subscribes to its strict Code of Ethics. Without cost client guides about navigating the homebuying and promoting transaction processes—from written purchaser agreements to negotiating compensation—go to details.realtor.
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For native data, please contact the native affiliation of REALTORS® for knowledge from native a number of itemizing companies (MLS). Native MLS knowledge is probably the most correct supply of gross sales and value data in particular areas, though there could also be variations in reporting methodology.
[1] Present-home gross sales, which embody single-family, townhomes, condominiums and co-ops, are based mostly on transaction closings from A number of Itemizing Companies. Modifications in gross sales traits exterior of MLSs should not captured within the month-to-month sequence. NAR benchmarks dwelling gross sales periodically utilizing different sources to evaluate total dwelling gross sales traits, together with gross sales not reported by MLSs.Present-home gross sales, based mostly on closings, differ from the U.S. Census Bureau’s sequence on new single-family dwelling gross sales, that are based mostly on contracts or the acceptance of a deposit. Due to these variations, it’s not unusual for every sequence to maneuver in numerous instructions in the identical month. As well as, existing-home gross sales, which account for greater than 90% of complete dwelling gross sales, are based mostly on a a lot bigger knowledge pattern – about 40% of a number of itemizing service knowledge every month – and sometimes should not topic to massive prior-month revisions.The annual fee for a selected month represents what the entire variety of precise gross sales for a 12 months could be if the relative tempo for that month have been maintained for 12 consecutive months. Seasonally adjusted annual charges are utilized in reporting month-to-month knowledge to issue out differences due to the season in resale exercise. For instance, dwelling gross sales quantity is often greater in the summertime than within the winter, primarily due to variations within the climate and household shopping for patterns. Nevertheless, seasonal components can not compensate for irregular climate patterns.Single-family knowledge assortment started month-to-month in 1968, whereas apartment knowledge assortment started quarterly in 1981; the sequence have been mixed in 1999 when month-to-month assortment of apartment knowledge started. Previous to this era, single-family properties accounted for greater than 9 out of 10 purchases. Historic comparisons for complete dwelling gross sales previous to 1999 are based mostly on month-to-month single-family gross sales, mixed with the corresponding quarterly gross sales fee for condos.
2 Complete stock and month’s provide knowledge can be found again by means of 1999, whereas single-family stock and month’s provide can be found again to 1982 (previous to 1999, single-family gross sales accounted for greater than 90% of transactions and condos have been measured solely on a quarterly foundation).
3 The median value is the place half bought for extra and half bought for much less; medians are extra typical of market situations than common costs, that are skewed greater by a comparatively small share of upper-end transactions. The one legitimate comparisons for median costs are with the identical interval a 12 months earlier on account of seasonality in shopping for patterns. Month-to-month comparisons don’t compensate for seasonal adjustments, particularly for the timing of household shopping for patterns. Modifications within the composition of gross sales can distort median value knowledge. Yr-ago median and imply costs typically are revised in an automatic course of if further knowledge is acquired.The nationwide median apartment/co-op value typically is greater than the median single-family dwelling value as a result of condos are concentrated in higher-cost housing markets. Nevertheless, in a given space, single-family properties sometimes promote for greater than condos as seen in NAR’s quarterly metro space value studies.
4 Distressed gross sales (foreclosures and quick gross sales), days on market, first-time patrons, all-cash transactions and buyers are from a month-to-month survey for the NAR’s REALTORS® Confidence Index, posted at nar.realtor.
