Real Estate Market Update for March 2026 

U.S. existing-home sales unexpectedly rose 1.7% month-over-month to a seasonally adjusted annual rate of 4.09 million, as lower mortgage rates helped boost buyer activity, according to the National Association of REALTORS® (NAR). Monthly sales increased in the Midwest, South, and West but decreased in the Northeast. Sales increased year-over-year in the South, but fell in the Northeast, Midwest, and West.

New Listings increased 6.0 percent for New Construction and 5.8 percent for Existing Homes. Pending Sales decreased 9.8 percent for New Construction but increased 3.1 percent for Existing Homes. Inventory decreased 7.1 percent for New Construction but increased 14.5 percent for Existing Homes.

Median Closed Price remained flat for New Construction but increased 7.5 percent for Existing Homes properties. Days on Market decreased 21.2 percent for New Construction but increased 10.0 percent for Existing Homes. Months Supply of Inventory decreased 9.8 percent for New Construction but increased 8.3 percent for Existing Homes.

Data from NAR show that inventory continued to grow nationwide, ticking up 2.4% month-over-month and 4.9% year-over-year to 1.29 million units heading into March, representing a 3.8-month supply at the current sales pace. Meanwhile, home prices increased for the 32nd consecutive month, climbing 0.3% year-over-year to $398,000.

Statistics and Information provided by the Great Plains Regional Multiple Listing Service and National Association of REALTORS®.

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