Existing-home sales eased in March, while inventory continued to edge higher, according to the National Association of REALTORS® Existing-Home Sales Report. The latest data shows a spring market shaped by limited supply, steady home price growth, and buyers still watching affordability closely.

For March 2026, existing-home sales reached a seasonally adjusted annual rate of 3.98 million, the median sales price was $408,800, and inventory stood at a 4.1-month supply. Prices increased 1.4% year-over-year, while inventory rose 0.1 months compared to March 2025.

• 3.6% decrease in existing-home sales month over month to a seasonally adjusted annual rate of 3.98 million
• 1.0% decrease in sales year over year

• 1.36 million units: Total housing inventory, up 3.0% from February and up 2.3% from March 2025
• 4.1-month supply of unsold inventory, up from 3.8 months last month and up from 4.0 months one year ago

• $408,800: Median existing-home price for all housing types, up 1.4% from one year ago - marking the 33rd consecutive month of annual price gains

• Homes averaged 41 days on market, down from 47 days last month
• First-time buyers accounted for 32% of purchases, unchanged from one year ago
• Cash sales made up 27% of transactions
• Inventory continued to grow, though supply remains below historical norms

• Home Listings Rise as Spring Housing Trends Continue
• Baby Boomers Remain Largest Share of Home Buyers
• Million-Dollar Listings Become More Common in U.S. Housing Markets
• Luxury Housing Outlook for 2026

Sources

National Association of REALTORS®: Existing-Home Sales

Realtor.com Housing Trends

CNBC Housing Coverage

Realtor.com Luxury Housing Outlook