United States existing home sales fall in March as inventory remains tight

Apr 13, 2026, 2:03:45 PM UTC(3 days ago)

Impact: Medium

Affected Assets

Total housing inventory rose to 1.22 million units in March 2026 which represents a 3.7 month supply at the current sales pace
The national median home price remained stable around 403700 dollars with modest annual growth of 1.2 percent
NAR Chief Economist Lawrence Yun noted that while affordability is improving due to wage gains housing demand remains muted relative to job growth
The Case Shiller Index recorded a 0.12 percent decline in March among the top 20 metro areas marking the first monthly drop in over two years
Market analysts attribute the sales decline to a combination of higher home prices and a persistent shortage of supply in key regions

U.S. MARCH EXISTING HOME SALES -3.6 PCT VS FEB +2.7 PCT (PREV +1.7 PCT) - NAR U.S. MARCH EXISTING HOME SALES 3.98 MLN UNIT RATE (CONSENSUS 4.06 MLN)