USA: Existing Home Sales Rebound.

Existing home sales in the United States rose by 1.7% from the previous month to an annualized rate of 4.09 million in February of 2026, ahead of market expectations that they would fall to 3.89 million. Despite the rebound, unsold inventory rose by a sharper 2.4% to a total of 1.29 million, which is equivalent to 3.8 months of supply at the latest sales rate. Sales price of existing homes inched higher by 0.3% from the previous year to $398,000, despite the drop in mortgage rates since the period. “Housing affordability is improving, and consumers are responding,” said NAR Chief Economist Dr. Lawrence Yun. “Still, there is a long way to go to return to pre-pandemic levels of transaction activity. There are more than 6 million more jobs than in 2019, yet home sales per year are down by one million. Despite the modest gain in home sales, actual housing demand remains muted relative to wage growth and job gains.”