February Market Update

by Joe Pierson

📊 Market Overview – February 2026

🏠 Homes Sold

2,697 homes sold, which is down 2.88% from February 2025.
- 2,022 single-family homes
- 675 condos/townhomes

Sales activity is slightly lower than last year, suggesting a modest slowdown in buyer activity, which is common early in the year.

⏳ Median Days on Market

59 median days on market
Equal to last month

Homes are taking about the same amount of time to sell, indicating the market pace is relatively steady compared to January.

💰 Pricing Trends

Median Price per Sq. Ft.: $230.58

Single-Family Homes

Median Price: $565,000
Up 1.99% from last February

Single-family homes continue to show moderate appreciation, indicating stable demand.

Condos / Townhomes

Median Price: $397,990
Down 3.17% from last February

Attached housing values have softened slightly year-over-year, likely reflecting affordability adjustments or increased supply.

📦 Residential Inventory

4,841 new listings entered in 2026
4,453 listings entered in 2025

This represents an increase in new listings, giving buyers more choices and easing some of the pressure seen in tighter markets.

🔎 Key Market Takeaways

For Buyers

More listings and stable days on market mean more time and negotiating flexibility.
Condo/townhome prices declining slightly could create affordable buying opportunities.

For Sellers

Single-family homes continue to hold value and appreciate.
However, with more inventory, pricing correctly and preparing the home well is increasingly important.

For Investors

Slight price declines in condos may signal opportunities for entry, while single-family homes continue steady long-term growth.

📌 Bottom Line

The February 2026 housing market shows slightly lower sales, stable time on market, and modest price growth in single-family homes. Inventory is increasing, which is helping move the market toward a more balanced environment between buyers and sellers.