Residential home sales off to a slow start
The residential housing market in the US has had a slow start to the year, with 12.3% fewer homes sold compared to the same period in 2025. Despite this, home prices are up slightly, and new home construction is picking up pace, with a total of 76 single family permits pulled in February 2026.
The residential housing market has started the year slowly, with 12.3% fewer homes sold compared to the same period in 2025. There have been 313 residential sales this year, compared to 357 in 2025. Sales volume has also started off slower, with $138.9 million in sales compared to $160.9 million at the same point last year. Home prices are up slightly, with a median price of $406,750 in February, a 2.5% increase from February 2025. Home inventory is growing, with 638 active residential listings on the market, a 7.6% increase from last month and a 14% increase compared to February 2025. New home construction is picking up pace, with 76 single family permits pulled in February 2026, an 18% increase from the same time last year.
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