Existing home sales rose in February with lower mortgage rates and increased buyer confidence. According to the National Association of Realtors (NAR), existing home sales in February increased 1.7% to a seasonally adjusted annual rate of 4.09 million. Inventory levels indicate a healthy supply. The price for all existing homes increased a modest 0.3% from the year before, with a $398,000 median sales price.
“This marks the 32nd consecutive month of year-over-year increases,” said Fan-Yu Kuo, senior economist at NAHB. “Recent gains for home inventory will put downward pressure on resale home prices in most markets in 2026.”
The steady sales of existing homes is a positive trend for remodelers, with many new homebuyers looking to make changes before or during move-in.
