NEWS / Real Estate

Spring Housing Market Posts Strongest March in Five Years

Published Apr 7, 2026

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A suburban house with a for sale sign and lockbox in the yard, surrounded by green grass and blooming trees under a clear sky—perfectly capturing the energy of the Spring Housing Market.

Summary:

300,398 homes sold in March - up 3.7% year-over-year and 25.2% from February.
Mortgage rates climbed from 5.98% to 6.38% yet pending listings rose 4.6% and buyer interest jumped 32%.
Typical U.S. home value: $365,545 with active inventory 4.2% higher than a year ago.

Home sales reached 300,398 in March. That's up 3.7% from a year ago and 25.2% from February - the strongest March in five years. Higher mortgage rates didn't slow this momentum.

Demand Rises Despite Higher Rates

Mortgage rates climbed from 5.98% at the end of February to 6.38% by late March. Higher rates typically reduce demand. They didn't this time.

Newly pending listings rose 4.6% year-over-year. Zillow page views per listing were 32% higher than March 2025. Buyers aren't just browsing - they're making offers.

Pent-Up Demand Returns

For three years, the market was nearly frozen. Now there's pent-up demand from years of waiting. The typical U.S. home sells for $365,545. Active inventory is 4.2% higher than a year ago, giving buyers more choices.

What to Watch

Watch whether this momentum holds into April and May, or whether rate increases finally slow spring sales.

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