Sales run at a 3.98 million annual pace as inventory rises and the 2026 forecast is lowered.
National Association of Realtors
First-time buyers take 34% share as inventory rises 2.4% from January.
Inventory totals 1.22 million units, while the median price rises to $396,800.
Inventory falls 18.1% from November to 1.18 million units, while median price rises 0.4% to $405,400.
Median price rises 2.1% to $415,200 as inventory increases 14.0% from a year ago.