2026 Home Prices Down: Market Turning Point?

Home prices ↓ every month since July; January marks sixth straight decline.
Seasonal trends and weak buyer demand drive price drops.
Avg. mortgage rate just under **7%**, over double pandemic-era ~**3%** rates.
More than **1.2M** homes listed in early 2026, ↑ **6%** YoY, giving buyers more options.
More buyers may re-enter due to slower price growth and softer conditions