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 and new listings down year-over-year. Despite low mortgage rates, home prices continue to rise, but at a slow pace, due to economic uncertainty and geopolitical volatility.
The Mid-Atlantic housing market saw a slow start in February 2026. Closed sales were down 1.1% year-over-year, with 12,618 sales. New listings plunged 11.1% to 15,833. Home prices rose 2.1% to a median of $408,500. The Philadelphia metro saw an 8.5% drop in closed sales, while the Baltimore metro had a 14.8% decline in new listings. The Washington, D.C., metro had a 12.8% drop in new listings, but a 3.9% increase in new pending sales.
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