March 2026 Market Report
Moving into spring, rising buyer demand vs. an inadequate supply of homes for sale is creating a rapidly heating market characterized by increasing buyer competition, faster sales and more overbidding of asking price. The upcoming months are typically the most active of the year and on current trends, conditions are expected to generate continuing upward pressure on home values. Median home sales prices often hit their calendar-year highs in spring, due to the imbalance between the supply and demand, as well as seasonal surge in luxury homes sale.
As was the case last year, houses are typically seeing much stronger market conditions than condos, and more affluent buyers continue to play an outsized role in demand and home-price appreciation.
