March Existing-Home Sales Fall 3.6% as Inventory Tightens and Prices Rally
TL;DR
March existing-home sales fell 3.6% month-over-month to a 3.98 million seasonally adjusted annual rate, with inventory up 3.0% to 1.36 million (about 4.1 months). Year-over-year sales were down 1.0% while the median price rose 1.4% to $408,800, the 33rd consecutive year-over-year price gain. Limited inventory continues to push prices higher and bolster homeowner wealth; NAR trimmed its 2026 forecast to a 4% increase in existing-home sales (new-home sales expected to be flat) as mortgage rates rise. Regional declines occurred in all four regions.
Topics:businessreal-estate#existing-home-sales#housing-market#inventory#median-price#mortgage-rates#real-estate
- NAR Existing-Home Sales Report Shows 3.6% Decrease in March National Association of REALTORS®
- US home buyers 'frozen' as sales slump over Iran war fears BBC
- Home sales sank in March, casting a pall on the forecast for the rest of the year Yahoo Finance
- Buyers and sellers are both sitting out the spring home-buying season MarketWatch
- US Existing-Home Sales Fall to Nine-Month Low as Prices Rise Bloomberg.com
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