Housing Report March 2026 vs Feb 2026, 4/28/2026
National Housing Report: Homes (Single Family Homes and Condos)
Median home prices rose to $408,800, up +2.7% from Feb and +1.4% from March 2025. However, unit sales declined -3.6% from February and -1% from March 2025, and 16.2% of listings had a price reduction. Inventory rose to 4.1 months, up +7.9% from February and up +2.5% from March 2025 as Active Listings rose to 964,477, up +5.4% from February and up +8.1% from March 2025.
Bottom Line: The market is becoming more balanced between Sellers and Buyers as prices flatten, and inventory and the number of active listings rise.
Essex County - March 2026. vs Feb 2026 - Big Improvement! Welcome Spring!
March brought a big improvement in real estate sales as the weather improved. Sold prices rose +7.4% for Single Families, +9.7% for Condos and +14% for 2-4 Units . Unit sales rose +0.5% for Singles, +29.6% for Condos and +46.7% for 2-4 Units. However, 10.2% of single-family listings, 10.7% of condo and 8.9% of 2-4 Units had price reductions in March which averaged -5.6%, -2.9% and - 4.3% respectively.
Bottom line: Low inventory which is likely to persist favors sellers. 78% of outstanding home mortgages have a rate below 6%; 67% have a rate below 5% and 51% have a rate below 4% making sellers reluctant to sell as rates remain above 6.2%.
To view data for every Essex County town,
- To view data for every Essex County town, http://www.sullivanteam.com/Properties/Reports/Public/Charts.php
- To Download the full housing report go to: http://sullivanteam.com/pages/EssexCountyHousingReports
