February 5, 2026, EDITION

The pre-owned housing market continues to show steady activity as buyers adjust to a more navigable environment. Inventory levels remain higher than they were a year ago in many markets, giving buyers more options and reducing the sense of urgency that dominated recent years.

Signed contracts on pre-owned homes suggest demand is holding firm as we move further into the winter season. While activity has moderated from peak levels, buyers are still engaging when the right home comes along, signaling healthy, sustainable demand.

Home price growth remains restrained nationwide, which is helping affordability gradually improve. This combination of stable prices and increased selection is creating a more balanced experience for both buyers and sellers.

Market conditions continue to normalize across much of the country, with buyers and sellers finding their footing in a calmer, more predictable environment. Homes are spending a bit more time on the market, allowing transactions to unfold with less pressure.

Builders remain cautiously optimistic about the months ahead, supported by steady interest and the ongoing need for housing. New construction continues to help fill gaps in supply, particularly in areas where resale inventory remains tight.

Consumer confidence in homeownership remains resilient. Many households still see buying or selling a home as an important life milestone and are planning moves based on lifestyle needs rather than market timing alone.

DID YOU KNOW?...Industry research shows that buyers who start their home search early in the year often face less competition and have more room to negotiate — one reason the first quarter is traditionally a strong planning period for serious buyers.

Freddie Mac’s latest weekly survey indicates mortgage rates have remained relatively steady compared with recent months, offering some consistency for buyers planning their next move. This stability is helping buyers focus more on finding the right home, rather than reacting to short-term market swings. Remember, mortgage rates can be extremely volatile, so check with your mortgage professional for the most up-to-the-minute information.

When touring homes, think beyond surface features and focus on fundamentals. Location, layout, and overall condition tend to matter most long term, while cosmetic updates can often be done over time. Keeping perspective can help you recognize a good opportunity when you see one.

Today’s buyers are informed and selective, which makes preparation especially important. Taking time to declutter, address small maintenance items, and present your home thoughtfully can make a strong first impression. In a market with more choices, preparation can be the difference between sitting and selling.