Signaling the seasonal ramp-up of home sales ahead of the typical peak summer selling months, March home sales posted the largest month-over-month increase in three years. Inventory and median sales price also rose modestly compared to March 2025.
Across the 50 metro areas surveyed, March home sales jumped 31.6% from February, the strongest monthly increase since 37.4% in March 2023. Compared to a year ago, sales were up just 3.4%.
“March’s increase in sales is a signal that buyers and sellers are re-engaging as the spring market gets underway,” said REMAX® President and Chief Growth Officer Chris Lim. “At the same time, moderate price growth and inventory changes could signal the pace is becoming more deliberate, pointing to a housing market that’s shifting toward balance rather than momentum. This suggests the next phase of the housing market being defined less by speed and more by precision.”
Minneapolis offered a strong example of the spring market gaining momentum. Closed home sales increased 46.7% from February 2026. Justin Fox, Broker/Owner of REMAX Professionals in Cottage Grove, Minnesota, said the increase reflects renewed buyer activity:
“In the Minneapolis market, we saw a dramatic month-over-month increase in closed sales; however, year-to-date sales through March remain about 8% behind the same point last year. Mortgage rates earlier in the year were under 6%, contributing to that significant increase, but we saw them rise in March, which may have put a temporary damper on the excitement. Now rates appear to have started trending back down. Overall, I see pent-up demand in the median-price-ranged market with robust showing activity and multiple offers.”
One potential factor contributing to the increase in national sales was an increase in new listings, which climbed 29.0% over February, though new listings remained 4.0% lower compared to a year ago. Overall, active inventory rose 4.4% year over year and 4.5% month over month.
The median sales price increased to $440,000 in March, which was $10,000 (2.3%) higher than February and $5,000 (1.1%) more than March 2025.