March 2026

With 3,019 active listings and 3.46 months of supply, buyers have more leverage than they’ve had in years. The median days on market ticked up to 28 days — still fast by historical standards, but enough of a shift to signal that weekend bidding wars are the exception, not the rule. Here’s where the real leverage lives: 48% of active listings have already cut their price, with an average reduction of 6.3%. Sellers are also accepting offers roughly 2.2% below asking on average, which is 0.4% softer than this time last year. If you’ve been waiting for breathing room, this is what it looks like — not a crash, but a market where patience and negotiation actually pay off.

The single-family median came in at $380,000, up 2.7% year-over-year, so values are holding — but only for homes priced correctly from day one. The data is blunt: nearly half of all listings are getting price reductions within a median of just 18 days on market. Closed homes that had price drops sold for an average of 8.9% below their original list price. That gap between initial list and final sale tells you the market is punishing aspirational pricing faster than ever. Condos and townhomes were softer at $277,500, down 0.9% YoY — a segment that’s been yo-yoing month to month but remains a viable affordability entry point for buyers willing to factor in HOA costs.

The standout number this month isn’t price or DOM — it’s the price-drop rate. When 48% of active listings have already reduced and closed sales averaged an 8–9% haircut from original list to final close, it tells you sellers are still testing the upper boundary and getting corrected quickly. Meanwhile, the overall median at $349,000 barely moved (+0.1% YoY). The market isn’t falling — it’s just done rewarding overpricing. Total volume came in at $390.8 million, down only 0.6%, and 872 homes still closed. This is a market with friction and recalibration, not a market in distress. Homes that are priced right, in good condition, and show well are still moving within a month.