REMAX NATIONAL HOUSING REPORT FOR FEBRUARY 2026

Core Insights - February 2026 saw homes selling faster, with the average days on market decreasing to 57 days, down six days from January but up six days from February 2025 [1][2] - There was an 11.1% increase in closed transactions compared to January 2026, although sales were 3.2% lower than the same month last year [3][6] - Inventory levels remained steady from January 2026, finishing 7.3% higher than a year ago, while new listings dropped 4.4% month-over-month and 6.8% year-over-year [3][5] Market Activity - The number of newly listed homes in February 2026 decreased by 6.8% compared to February 2025 and by 4.4% compared to January 2026 [4][5] - The markets with the largest year-over-year decreases in new listings included Trenton, NJ (-43.5%), Philadelphia, PA (-38.2%), and Dover, DE (-37.5%) [4][6] - Conversely, Bozeman, MT (+30.9%), Fayetteville, AR (+30.6%), and Manchester, NH (+21.3%) experienced the largest increases in new listings [4] Sales Performance - The median sales price in February 2026 was $428,000, reflecting a 0.8% increase from both January 2026 and February 2025 [5][8] - Buyers paid an average of 98% of the asking price, unchanged from January 2026 but down from 99% a year prior [5][10] - Closed transactions were down 3.2% year-over-year, with the largest decreases seen in Dover, DE (-26.2%), Providence, RI (-22.4%), and Pittsburgh, PA (-10.5%) [6][8] Pricing Trends - The average close-to-list price ratio across the 50 metro areas was 98%, consistent with January 2026 and down from 99% in February 2025 [10][11] - San Francisco, CA had the highest close-to-list price ratio at 105.1%, while Miami, FL had the lowest at 93.9% [10][11] Inventory Metrics - The months' supply of inventory was 2.9, up from 2.7 in February 2025 but down from 3.1 in January 2026 [14][15] - New Orleans, LA had the highest months' supply of inventory at 6.3, while Manchester, NH had the lowest at 1.1 [14][15]