The 2026 spring housing market: Turning a corner amid geopolitical volatility and economic uncertainty
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The Mid-Atlantic housing market showed little urgency in February 2026, with closed sales essentially flat and new listings plunging to record lows. Home prices continue to rise, but at the slowest pace in nearly three years, due to affordability challenges and economic uncertainty.
The Mid-Atlantic housing market is experiencing a slow start to the spring season. Closed sales in February were down 1.1% year-over-year, with 12,618 sales. New listings fell 11.1% to 15,833, a record low. Home prices rose 2.1% to a median of $408,500, the slowest pace in nearly three years. The Philadelphia metro saw an 8.5% decline in closed sales, while the Baltimore metro had a 14.8% drop in new listings. The Washington, D.C., metro had a 12.8% decline in new listings, but a 3.9% increase in new pending sales.
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