Housing market momentum builds as early-year indicators align

Early 2026 housing data shows improving demand, steadier prices, and rising inventory supporting a more functional market. Weekly pending home sales and mortgage purchase applications are increasing, indicating stronger buyer engagement. Inventory growth continues but at a slower pace, with about 2.6 months of supply, favoring sellers while remaining balanced. Median list prices are stable, and price reductions are steady. Mortgage rates near 6% remain a key factor for ongoing momentum.