Other The first time we've seen this since 2020...
- Thread starter navigate30a
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Thanks for the feedback James. I’ll start including my notes as well from now on.
February 2026:
- Inventory has plummeted to only 841 active listings on the market; down 33% from the peak in March 2025.
- Pended listings have outpaced sold listings for 8 of the last 9 months.
- Absorption rate continues to fall for the 8th consecutive month - down to 9.76 months of inventory; a STEEP drop from the peak of 16.6 months in June 2025.
- Sold-to-List ratio has held steady around 94%.
- Average days on market has held steady at 123 days.
- Year-over-year: average sale prices are up 18%, absorption rate is down nearly 17%, pended listings are up 29% & sold listings are up 11%.
My thoughts:
- With inventory continuing its decline, pended listings outpacing sold listings, negotiations holding steady and the Spring Break market starting next month, nearly every metric supports a substantially stronger market in 2026.
- Buyers who want to beat the Spring Break rush need to act in the next 4 weeks to avoid competition.
- Sellers that want to make the most of the incoming Spring Break market surge need to prepare NOW. Unimpressive homes will fall behind the market and eat the loss in both time and money.
Great info thanks!
Perhaps we are getting back to SoWal normal after the pandemic run up and then the glut.
Perhaps we are getting back to SoWal normal after the pandemic run up and then the glut.