Summary
The U.S. housing market is showing signs of trouble at the beginning of 2026. Reports indicate a drop in pending home sales, more sellers than buyers, and slow growth in housing inventory.
Key Facts
- Pending home sales fell by 9.3% in December, according to the National Association of Realtors.
- Sales dropped in all regions of the U.S., reaching the lowest level in five months.
- There were over 600,000 more sellers than buyers in December, the largest gap since 2013.
- The number of buyers decreased by 5.9% in December, making it harder for sellers.
- Median home prices went up again, reaching $405,400 in December.
- Housing inventory growth slowed to 10% in December, down from 33% in mid-2025.
- Limited inventory is affecting buyers' choices and transaction volumes.
