The spring 2026 housing market is dramatically different from recent years. Inventory is up 40%, price growth has slowed to 2%, and sellers are offering concessions at the highest rate since 2019.
Market Conditions
- Active listings: 1.5 million (up 40% YoY)
- Median price: $412,000 (up just 2% YoY)
- Seller concessions: 45% of transactions
- Average rate buydown offered: 1.5 points
Buyers should leverage this environment by asking for seller-paid rate buydowns, closing cost credits, and home warranty coverage. Multiple offer situations are rare outside the hottest neighborhoods.
