Existing Home Sales Drop 3.6% in March

Why Slower Home Sales Don’t Mean a Weak Housing Market

The National Association of Realtors is reporting that existing home sales were dropped 3.6% in March, 2026 to a seasonally-adjusted annual rate of 3.98 million. Total housing inventory at the end of March was 1.36 million units, up 3% from February and up 2.3% from one year ago. Unsold inventory sits at a 4.1-month supply at the current sales rate. The median existing-home price for all housing types in March was $408,800 – the 33rd consecutive month of year-over-year price increases. The NAR says inventory remains a major constraint on the market:

“Because inventory remains limited, the median home price rose to a new record high for the month of March,…That price growth has helped the typical homeowner accumulate $128,100 in housing wealth over the past six years.” Said the NAR’s Chief Economist, Lawrence Yun.