Home Prices Start Year Up Just 1% as Buyer’s Market Caps Growth
By: Lily Katz | Published: 2026-02-19 13:30:37 | Source: www.redfin.com
- Pending home sales fell to the lowest level since 2023 and existing-home sales dropped the most since 2022 as elevated housing costs curbed homebuyer demand.
- Sellers also retreated, but still far outnumbered buyers, meaning the buyers who were in the market could negotiate on price.
- The typical home that went under contract did so in 66 days—the slowest January pace in a decade.
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