The March 2026 market data for the entire MLS shows a housing market that remains strong, but with signs of moderation. Home values are still increasing, demand is steady, and inventory is improving. At the same time, homes are taking longer to sell, giving buyers more room to negotiate than they had in recent years.

Overall, this market reflects healthier balance rather than a dramatic slowdown.

Key Market Highlights

Home Prices Continue to Rise

The median sales price reached $335,000, up 4.7% year over year. This shows that home values continue to appreciate at a solid pace.

The average sales price climbed to $372,238, up 0.7%, suggesting growth is still happening but beginning to stabilize.

Homes Taking Longer to Sell

The average days on market increased to 46 days, up 17.9%. This means buyers are taking more time before making offers, and sellers may need to be more patient than in previous fast-moving markets.

More Inventory Available

Housing inventory rose 3.1%, giving buyers more choices and reducing some of the intense competition seen in tighter markets.

Demand Remains Steady

Closed sales were nearly unchanged at +0.5%, showing that buyer demand is still active, just not accelerating rapidly.

Buyers Gaining Slight Leverage

The percentage of list price received dipped slightly to 96.8%, meaning sellers are negotiating more often and buyers may have greater opportunity to secure concessions or price reductions.

What This Means for Sellers

Sellers are still in a strong position because prices remain elevated. However, the days of overpricing a property and expecting immediate multiple offers may be fading.

To succeed in this market:

  • Price your home competitively
  • Focus on presentation and staging
  • Be prepared for longer selling timelines
  • Work with an agent who understands current buyer behavior

Well-prepared homes can still perform strongly, but strategy matters more than ever.

What This Means for Buyers

Buyers finally have some breathing room. More inventory and longer market times create better opportunities to shop carefully and negotiate.

Buyers should consider:

  • More homes to choose from
  • Less pressure to rush decisions
  • Increased chance of negotiating repairs or price
  • Rising prices that could make waiting more expensive later

While the market is calmer, values are still increasing, so timing still matters.

Final Thoughts

March 2026 reflects a market that is transitioning into a healthier pace. Prices remain strong, but conditions are becoming more balanced between buyers and sellers. For both sides, smart pricing, preparation, and local expertise will be key to success moving forward.