The Fred Adams Group of RE/MAX Integrity
In the 50 metro areas surveyed in February 2026, the number of newly listed homes was down 6.8% compared to February 2025, and down 4.4% compared to January 2026. The markets with the biggest decrease in year-over-year new listings percentage were Trenton, NJ at -43.5%, Philadelphia, PA at -38.2% and Dover, DE at -37.5%. The markets with the biggest year-over-year increase in new listings percentage were Bozeman, MT at +30.9%, Fayetteville, AR at +30.6% and Manchester, NH at +21.3%.
Of the 50 metro areas surveyed in February 2026, the overall number of home sales was down 3.2% compared to February 2025, and up 11.1% compared to January 2026. The markets with the biggest decrease in year-over-year sales percentage were Dover, DE at -26.2%, Providence, RI at -22.4% and Pittsburgh, PA at -10.5%. The markets with the biggest increase in year-over-year sales percentages were Kansas City, MO at +14.6%, Richmond, VA at +10.7% and Tulsa, OK at +10.6%.
In February 2026, the median of all 50 metro area sales prices was $428,000 up 0.8% from February 2025, and up 0.8% compared to January 2026. The markets with the biggest year-over-year increase in median sales price were Trenton, NJ at +14.3%, Anchorage, AK at +7.3% and St. Louis, MO at +7.1%. The markets with the biggest year-over-year decrease in median sales price were Boston, MA at -4.4%, Denver, CO at -4.0% and Bozeman, MT at -2.9%.
In February 2026, the average close-to-list price ratio of all 50 metro areas in the report was 98%, down from 99% in February 2025 and the same as January 2026. The close-to-list price ratio is calculated by the average value of the sales price divided by the list price for each transaction. When the number is above 100%, the home closed for more than the list price. If it’s less than 100%, the home sold for less than the list price. The metro areas with highest close-to-list price ratios were San Francisco, CA at 105.1%, Hartford, CT at 101.9% and Manchester, NH at 100.8%. The metro areas with the lowest close-to-list price ratio were Miami, FL at 93.9%, Houston, TX at 96.0% and New Orleans, LA at 96.2%.
The average days on market for homes sold in February 2026 was 57, up six days compared to the average in February 2025 (51) and down six days compared to January 2026 (63). Days on market is the number of days between when a home is first listed in an MLS and a sales contract is signed. The metro areas with the biggest year-over-year decrease for days on market averages Bozeman, MT at -27.1% (83 days), Fayetteville, AR at -11.5% (75 days) and Manchester, NH at -11.3% (21 days). The markets with the biggest year-over-year increase for days on market averages were Burlington, VT at +48.7% (53 days), Anchorage, AK at +34.9% (47 days) and Raleigh, NC at +30.7% (68 days).
A harbinger of spring, February was a transitional period and experienced modest activity – most notably with homes selling faster. According to data from the 50 metro areas surveyed, after nine months in which days on market grew from 40 to 62, February days on market dropped to 57. That was six fewer days than in January but still six days more than in February 2025.
February saw 11.1% more closings than January, picking up speed heading into March, when home sales typically post the year’s largest monthly increase. February’s sales were 3.2% lower than a year ago, while new listings dropped 4.4% month over month and trailed February 2025 by 6.8%. Inventory remained unchanged from January and finished 7.3% higher than a year ago.
Other metrics of note include:
“With spring on the horizon, we started to see the market regain some momentum, particularly in how quickly homes are selling,” said Chris Lim, President of REMAX. “For consumers, that means timing, pricing and strategy are becoming increasingly important – and working with an experienced REMAX agent can make all the difference in navigating those decisions.”
Manchester, NH is showing signs of spring momentum with tight inventory, homes selling in about three weeks and many closing at or above list price. While new listings rose in February, Joe Beauchemin, Broker/Owner of REMAX Synergy in Bedford, NH said demand remains strong and agrees – timing is critical.
“In a market like Manchester, pricing must be precise. When sellers price their home correctly, it often creates stronger demand and can lead to offers above list price. For buyers, hesitation can be costly. If you see the right home and don’t step up quickly, it may be gone by the end of the weekend. That’s why it’s so important to work with an agent who understands whether a list price is a starting point for the market to build on or overpriced and unrealistic from the start.”
The RE/MAX National Housing Report is distributed each month on or about the 15th. The first Report was distributed in August 2008. The Report is based on MLS data in approximately 53 metropolitan areas, includes all residential property types, and is not annualized. For maximum representation, many of the largest metro areas in the country are represented, and an attempt is made to include at least one metro from each state. Metro area definitions include the specific counties established by the U.S. Government’s Office of Management and Budget, with some exceptions.
Transactions are the total number of closed residential transactions during the given month. Months Supply of Inventory is the total number of residential properties listed for sale at the end of the month (current inventory) divided by the number of sales contracts signed (pended) during the month. Where “pended” data is unavailable, this calculation is made using closed transactions. Days on Market is the number of days that pass from the time a property is listed until the property goes under contract for all residential properties sold during the month. Median Sales Price is the median of the median sales prices in each of the metro areas included in the survey.
MLS data is provided by contracted data aggregators, RE/MAX brokerages and regional offices. While MLS data is believed to be accurate, it cannot be guaranteed. MLS data is constantly being updated, making any analysis a snapshot at a particular time. Every month the RE/MAX National Housing Report re-calculates the previous period’s data to ensure accuracy over time. All raw data remains the intellectual property of each local MLS organization.