Active Residences (Current Inventory)
Active residences (current inventory) – Last month, I wrote, “2026 is off to a slow start for inventory coming to the market.” It did not improve in February, either. In fact, we have hit a low for the year so far on March 3, with 343 homes on the market. Last year, at this time, there were 437 homes on the market. Sellers are reluctant to list currently. Hopefully, this will change as we head into spring.
The monthly charts are updated through February 2026
Median Prices
3 & 12-Month Median Prices. After decreasing for several months, the 3-month moving average increased in February from $410,500 to $416,250. We are still at the low end of the price range we have been in, but with the spring and summer buying season upon us, prices should rise into the fall months.
The monthly charts are updated through February 2026
Median Days on Market For homes sold over the past 30 days
Median DOM (days on market - the time it takes for 50% of homes to leave the market for homes that sold over the past 30 days). Median days on market on March 8, 2026 was 44 days, increasing from 33 days on February 7, 2026. The range this month was 33-54 days. These numbers are normal for this time of year in the buying season.
The monthly charts are updated through February 2026
Number of Homes Pending in the Past 30 Days
Number of pendings over the last 30 days, close-up. With the housing inventory lower than last year at this time, one would expect the number of pendings to have increased sharply, but this is not the case. 76 homes have gone pending in the past 30 days, which is normal for the early part of the buying season. We rose from 70 in early February, and I expect the number of pendings to increase as we move into spring, but buyers currently have fewer choices compared to last year.
The monthly charts are updated through February 2026
Homes Sold for 12 Consecutive Months
Homes sold for 12 Consecutive Months. February saw a slight decrease in homes sold for 12 consecutive months, dropping from 1184 in January to 1172 in February. This is not statistically significant.
The monthly charts are updated through February 2026
3-month median list price compared to 3-month median sold price
3-month median list price compared to 3-month median sold price. The difference between the median list price and median sales price narrowed this month as the median list price continued to decrease from $430,000 to $424,950, but the median sales price rose from $410,500 to $416,250. Sellers appear to continue adjusting their asking price to solicit offers. The 3-month median price in September of 2022 was $469,000. This is the top of our 3-month median price range. The low of that range is $400,000 in March of 2025. We’ve been bouncing between those two numbers for three and a half years.
The monthly charts are updated through February 2026