REALTORS Report 1.7% Increase in Sales

February sales hit 4.09 million annual rate; yearly sales ↓1.4%.
Inventory 1.29 million units, ↑2.4% MoM and ↑4.9% from February 2025; supply 3.8 months.
Median existing-home price $398,000, yearly ↑0.3%; 32nd straight month of yearly price ↑.
Affordability index ↑ to 117.6; consumers are responding, but transactions remain below pre-pandemic levels.
Experts warned if demand outpaces supply in coming months, prices will rise; February 30-year fixed avg 6.05%.