#United States #Denver #Home Sales #housing report #REMAX

Overview of March 2026 National Housing Report

The latest REMAX National Housing Report for March 2026 marks a notable acceleration in home sales, reflecting a seasonal uptick leading into summer's peak months. The report indicates that home sales experienced a remarkable month-over-month growth of 31.6% from February, which stands as the highest increase seen in three years. Inventory levels and median sale prices also displayed slight rises compared to March of the previous year, signaling renewed activity in the housing market.

This surge in sales activity demonstrates that both buyers and sellers are becoming increasingly engaged as we transition into the spring market. As Chris Lim, President and Chief Growth Officer of REMAX, noted, this momentum is characterized by moderate price increases, which hint towards a market that is stabilizing rather than simply speeding ahead. This shift suggests a future where the housing market operates with greater precision and balance.

Notable Market Highlights

In Minneapolis, for instance, the closed home sales skyrocketed by 46.7% from the previous month. Local broker Justin Fox points out that this dramatic increase represents a reinvigorated buyer interest in the area. Despite this, year-to-date sales still lag approximately 8% behind the previous year. Lower mortgage rates earlier this year contributed significantly to the recent spikes, but recent increases in rates could temporarily dampen enthusiasm.

Additionally, new listings in March surged by 29.0% when compared to February, although they still fell short by 4.0% relative to the preceding year. Active inventory also rose, indicating an overall increase of 4.4% year over year.

Market Metrics

• - Median Sales Price: In March, the median sales price reached $440,000, up by $10,000 (2.3%) from February and $5,000 (1.1%) higher than March 2025.
• - Buyers' Close-to-List Price Ratio: Buyers paid approximately 99% of the asking price in March, which is a slight increase from 98% in February of the same year and steady compared to March 2025.
• - Average Days on Market: Homes averaged 49 days on the market in March, an improvement from the 56 days seen in February, yet a slight increase compared to last year’s 44 days.
• - Months’ Supply of Inventory: The months’ supply of available homes declined to 2.3, down from 2.8 in February but slightly higher than last year's 2.2.

Year-over-Year Observations

New Listings

Among the 50 metro areas surveyed, March recorded a 4.0% decrease in new listings compared to the same month last year.

• - Markets witnessing the largest declines in newly listed homes include:

- Baltimore, MD: -28.0%
- Dover, DE: -26.1%
- Philadelphia, PA: -23.9%

Conversely, significant yearly increases in listings were noted in:

• - Burlington, VT: +19.9%
• - Omaha, NE: +17.6%
• - Des Moines, IA: +13.8%

Closed Transactions

The total number of closed transactions across the 50 metro areas reflected a 3.4% increase from March 2025 while marking a striking 31.6% uptick from February.

• - The highest increases in year-over-year closed transactions were seen in:

- Bozeman, MT: +38.7%
- New Orleans, LA: +21.8%
- Omaha, NE: +19.6%

Median Sales Price Changes

March marked an overall increase of 1.1% in the median sales price from the previous year, with places such as Des Moines, IA experiencing the highest percentage growth at +8.2% from March 2025.

Days on Market & Months’ Supply Trends

The analysis shows differing trends regarding market pace, with significant increases in the time homes are spending on the market in various metro areas.

• - For instance, Manchester, NH experienced the largest rise in days on market at +28.3%, while others like Omaha, NE saw a decrease by -26.9%.

In conclusion, the data from REMAX for March 2026 paints a dynamic and evolving picture of the housing market, hinting at a shift towards stability and a balanced approach as we move further into 2026. With both quantitative and qualitative metrics revealing newfound enthusiasm among buyers and sellers, the upcoming months may very well define a new chapter in the housing landscape.