Real Estate Recap March 2026

Well, I seem to have egg on my face from my blog of April 1st.  I indicated that sales had fallen 6.25% when comparing March 2026 to March 2025, but guess what?  When I posted the blog on April 1st, several agents had not posted all the end of March closings, so the decrease I spoke of never happened.  We managed a gain of 2.4% for March 2026 when compared to March 2025.

Pending sales in March 2026 turned out extremely well, increasing 23.3% from March 2025.

The median sales price fell 3.5% in March 2026 when compared to March 2025, but the average sales price rose 2.7% when compared to March 2025.

The average listing price of homes coming on the market rose 17.3% in March 2026 when compared to March 2025.  The average list price of new listings this year was $533,097.

Our month’s supply of inventory fell to 4.2 months in March 2026.  This is up a bit from 4.0 in February and 4.1 in January 2026.  This still keeps us in a “seller’s market”.  In a balanced market we would have about a 5.5 month’s supply.

If you have any real estate questions, or would like help buying or selling real estate, please let us know.  We can help!