03/27/2026
Here is what is actually happening right now. The median home price is sitting around $220,000, which is down about 4.6 percent from last year. That might sound like the market is slowing, but homes are still selling. Sales are actually up about 10 percent compared to last February, so buyers are definitely active again.
What I am seeing, and what the numbers support, is that homes are taking a little longer to sell. The average is about 47 days compared to 35 days last year. Buyers are being more selective and paying closer attention to pricing and condition. That makes it more important than ever to price correctly from the start and make sure your home shows well.
Even with that shift, about 28 percent of homes are still selling above list price. The homes that are updated, well maintained, and priced right are still getting strong attention and moving.
It also depends on location. Some areas are a little softer on price, while others are still seeing increases. Real estate is always hyper local, and what is happening in one neighborhood can look completely different a few miles away.
Going into spring, this is starting to look more like a balanced market, but not a slow one. Inventory is beginning to increase and buyers are coming back into the market, which usually leads to more activity over the next couple of months.
If you have been thinking about selling, this is a great window before more competition hits the market.
If you are buying, you have a bit more room to breathe, but the well priced homes are still going quickly.