Existing-home sales saw a modest lift in February, reflecting improving affordability and gradually increasing inventory levels. The latest data from the National Association of REALTORS® highlights a market that continues to find its footing as we move into the spring season.

For February 2026, existing-home sales reached a seasonally adjusted annual rate of 4.09 million, the median sales price was $398,000, and inventory stood at a 3.8-month supply. Prices increased 0.3% year-over-year, while inventory rose compared to this time last year.

• 1.7% increase in existing-home sales month over month to a seasonally adjusted annual rate of 4.09 million
• 1.4% decrease in sales year over year

• 1.29 million units: Total housing inventory, up 2.4% from January and up 4.9% from February 2025
• 3.8-month supply of unsold inventory, steady month over month and up from 3.6 months one year ago

• $398,000: Median existing-home price for all housing types, up 0.3% from one year ago — marking the 32nd consecutive month of annual price gains

• Affordability improved for the eighth consecutive month, reaching its highest level since March 2022
• Homes averaged 47 days on market, slightly longer than last year
• First-time buyers accounted for 34% of purchases, showing steady demand
• Inventory continues to grow, though at a measured pace

• New Homebuyer Costs Hit Record Levels, Widening Housing Gap
• Spring Buying Season Kicks Off with Shifting Market Trends
• Mortgage Rates and the Spring Housing Market Outlook

Sources

National Association of REALTORS®: Existing-Home Sales

Realtor.com Housing Trends

CNBC Housing Coverage