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Spring Real Estate Sees Modest Gains Amid Lower Inventory

3/7/2026

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Story summary
  • The spring real estate market shows modest improvement as buyer confidence rises.
  • In January, median home prices rose 1.1% year over year, down from a 4.1% gain last year.
  • Lower mortgage rates around 6% and slower price increases support buyer confidence.
  • Inventory is 15% lower than in 2019.
  • New listings fell 6.1% year over year, especially in the Midwest and Northeast.