Saddle Brook, NJ — April 1, 2026 — Despite improving affordability conditions, U.S. existing-home sales declined 8.4% to a seasonally adjusted annual rate of 3.91 million, a 4.4% drop from one year earlier, according to the National Association of REALTORS® (NAR). The slowdown followed a 5.1% increase the previous month and modest gains throughout the fall. Sales retreated month-over-month and year-over-year in all four regions.
“The market seems to be transitioning into a more balanced phase: demand is softening, supply remains constrained, and prices are still trending upward,” 2026 Greater Bergen REALTORS Treasurer, Frances Blakely. “Buyers are gaining a bit more negotiating power compared to recent years, but limited inventory continues to prevent any significant price declines.”
Nationally, the median existing-home price inched up 0.9% year-over-year to $396,800, a new high for the month, NAR reported. Home prices have continued to rise across much of the country, in part due to low supply, which remains below pre-pandemic levels. Total housing inventory stood at 1.22 million units as of the most recent reading, up 3.4% from one year earlier, representing a 3.7-month supply at the current sales pace.
Highlights From February 2026 Report
- Single Family Closed Sales increased 15.3 percent to 249.
- Townhouse-Condo Closed Sales decreased 8.8 percent to 124.
- Adult Communities Closed Sales decreased 25.0 percent to 3.
- Single Family Median Sales Price was down 6.3 percent to $750,000.
- Townhouse-Condo Median Sales Price was down 1.2 percent to $455,000.
- Adult Communities Median Sales Price was up 163.5 percent to $901,000.
Click Here for the full ShowingTime Report for the month of February 2026