05/10/2026
Key Real Estate Trends (March 2026)
1. Sales Activity Is Increasing
• Existing-Home Sales rose 1.7% month-over-month to a seasonally adjusted annual rate of 4.09 million, driven by lower mortgage rates.
• Pending Sales surged 18.4% year-over-year, indicating strong buyer demand.
• Closed Sales increased 3.6% year-over-year.
• Regional differences: Sales increased in the Midwest, South, and West, but decreased in the Northeast.
2. Inventory Is Growing, But Supply Remains Tight
•. Inventory of Homes for Sale grew 6.5% year-over-year to 5,134 units.
•. Months Supply of Inventory remained flat at 3.3, indicating a balanced but still competitive market.
•. National inventory increased 4.9% year-over-year to 1.29 million units, representing a 3.8-month supply.
3. Prices Continue to Rise
• Median Sales Price jumped 7.8% year-over-year to $457,968.
• Average Sales Price increased 12.0% year-over-year to $744,306.
• Home prices have increased for 32 consecutive months, with a national median price up 0.3% year-over-year to $398,000.
4. Homes Are Taking Longer to Sell
• Days on Market increased 7.7% year-over-year to 56 days, suggesting buyers have slightly more negotiating power than in previous years.
5. Affordability Is Declining
• Housing Affordability Index dropped 5.1% year-over-year to 74, meaning fewer households can afford the median-priced home.
6. Sellers Are Receiving Slightly Less of Their Asking Price
• Percent of Original List Price Received decreased by 0.6% year-over-year to 96.0%.
Outlook
• For Buyers: Expect more options on the market but be prepared for higher prices and longer negotiation periods.
• For Sellers: Price growth remains strong, but homes may take longer to sell and may not fetch the full asking price.
• For Investors: Inventory growth and sustained price increases suggest continued market strength, but declining affordability could impact demand in the long term.
Source: Charleston Trident Multiple Listing Service