The median house sales price in March 2026 rose approximately 1.3% year over year, while the median condo/co-op price increased 2.3%. The number of existing-home sales jumped 26% from February — a typical seasonal acceleration in activity — and rose about 4% from March 2025. The supply of listings for sale climbed 3% from February and 2.3% year over year. Median time on market until acceptance of offer was 41 days (up from 36 days in March 2025) and approximately 18% of sales sold over list price (down from 21%). An estimated 27% of listings sold for all cash; 5% of buyers purchased after only seeing the home online (with no physical walk-through); and 6% of purchases were intended for vacation use. 13% of contracts had delays in close of escrow and 5% of contracts over the last 3 months were terminated. Listing and sales activity typically continues to accelerate in April and May.

With the constantly changing dynamics of the Iran war, economic volatility and uncertainty surged higher in March but, so far, the housing market has not been as significantly affected as by last year’s tariff shock. As of April 13th, the average, daily, 30-year mortgage rate has risen to 6.41% after briefly dipping below 6% prior to the war. Oil and gas prices have soared, causing inflation to jump to 3.3% from 2.4% in February. Prior to the ceasefire announcement, consumer confidence fell to its lowest reading ever (going back to 1978), while stock markets, though volatile, have dramatically rebounded since the ceasefire.

Read the full report here: