2026 Q1 Market Report

This year began with a steady stream of real estate activity, though the overall pace trailed the first quarter of last year, with transactions down roughly 8%. This decline was driven primarily by sluggish condo and townhome sales, which saw a 54% drop in trades. In contrast, single-family home and land sales both increased year over year.

Average and median sale prices showed notable swings, but with a relatively small data set, these figures can be easily influenced by outliers, especially considering 2025’s concentration of ultra-high-end transactions. There is no indication of large swings in property prices. In fact, pricing continues to hold steady with modest appreciation in most segments.

By the end of the quarter, inventory had grown to 208 listings, a 26% increase from a year ago. This inventory boost is great news for buyers who are still struggling to find their perfect fit as the inventory drought continues into another year. The market appears well-positioned heading into the spring selling season, with pending sales up 3% at quarter-end. Overall, market fundamentals remain solid, with improving inventory and steady demand setting the stage for an active spring and summer season.