U.S. existing-home sales fell 3.6% in March from February to a seasonally adjusted annual rate of 3.98 million, and sales were down 1.0% from March 2025, according to the National Association of Realtors.
Housing inventory totaled 1.36 million units, up 3.0% from February and up 2.3% from a year earlier. That was a 4.1-month supply, up from 3.8 months in February and up from 4.0 months in March 2025.
The median existing-home price was $408,800, up 1.4% from $403,100 a year earlier. Single-family sales fell 3.5% to an annual rate of 3.63 million, down 0.3% from a year earlier, and the median price was $412,400, up 1.3%. Condo and co-op sales fell 5.4% to 350,000, down 7.9% from a year earlier, and the median price was $371,500, up 2.3%.
The group revised its 2026 forecast and now expects existing-home sales to increase 4% in 2026, lower than its previous projection. It now expects new-home sales to be flat, revised down from a prior forecast of a 5% gain, and it kept its median home price forecast unchanged, with prices still projected to rise 4% in 2026.
Freddie Mac said the U.S. 30-year fixed-rate mortgage decreased to 6.37% as of April 9 from 6.46% the prior week. The 15-year fixed-rate mortgage averaged 5.74%, down from 5.77% a week earlier.
