February 2026 Housing Market Update: Regional Housing Market Gains Momentum in February as Pending Sales Climb
FOR IMMEDIATE RELEASE
February 2026 Housing Market Update: Regional Housing Market Gains Momentum in February as Pending Sales Climb
New statistics shed light on current real estate market momentum
Fayetteville, NC — March 17, 2026 — The Longleaf Pine REALTORS® today released its February 2026 housing market statistics, offering insight into current real estate trends across the southeast in North Carolina. The latest data reflects stronger pending sales, continued price stability, and moderate inventory growth across the region.
Key Market Statistics – February 2026
- Total Closed Sales: 483 (▼ 0.4% year-over-year)
- Pending Sales: 684 (▲ 11.8% year-over-year)
- Median Sales Price: $297,990 (▲ 2.8% year-over-year)
- Average Sales Price: $297,436 (▲ 0.5% year-over-year)
- Active Inventory: 2,153 homes (▲ 4.4% year-over-year)
- Months of Supply: 3.5 months
- Average Days on Market: 70 days (▲ 4.5% year-over-year)
- New Listings: 757 (▼ 5.3% year-over-year)
Market Interpretation
Overall, February’s data suggests a market that is active and gradually becoming more balanced. Pending sales posted a solid year-over-year gain, signaling continued buyer engagement, while closed sales held nearly even with last year. At the same time, median and average sales prices remained steady, reinforcing the region’s continued pricing resilience. Inventory also expanded modestly, offering buyers somewhat more opportunity than they had a year ago.
Market performance continued to vary by property type. Existing single-family closed sales declined 6.3% to 315, while single-family new construction closed sales increased 18.5% to 154. Townhouse and condominium closed sales totaled 14, down 26.3% from a year ago. On the pricing side, the median sales price for existing single-family homes was $259,900, while new construction reached $349,900, and townhouse/condo properties rose to $204,500.
Inventory trends also point to a market that is shifting toward a healthier balance. Overall homes for sale rose 4.4% to 2,153. Single-family inventory increased 5.8% on a rolling 12-month basis, while the market recorded 3.4 months of inventory for single-family homes and 4.8 months for townhouse and condo properties. The strongest pending sales activity over the past 12 months came in the $350,000 and above price range, which increased 11.0%.
Homes also continued to take longer to sell in many segments. On a rolling 12-month basis, the fastest-moving price range was $150,000 to $249,999 at 40 days, while homes priced at $350,000 and above took 72 days to sell. Region-wide, all property types averaged 60 days on market on a rolling basis, while the monthly February report showed 70 days on market across all residential properties.
Leadership Perspective
“February’s numbers show that buyers are still active and engaged across our region, even as the market continues to normalize,” said Candi Quigley, President of Longleaf Pine REALTORS®. “Pending sales were a bright spot this month, and steady home prices combined with modest inventory growth are creating opportunities for both buyers and sellers.”
In a market that continues to shift by county, price point, and property type, working with a REALTOR® remains one of the best ways to make confident, informed decisions.
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ABOUT LONGLEAF PINE REALTORS®
Founded in 1946, Longleaf Pine REALTORS® (LPR) is headquartered in Fayetteville, NC, and represents more than 2,800 real estate professionals in southeastern North Carolina. LPR is an affiliate of the National Association of REALTORS®, whose 1.5 million members subscribe to a strict code of ethics. LPR’s mission is to equip local Realtors with vital tools and resources, enabling them to provide consumers with the highest level of expert service. Learn more at www.longleafpinerealtors.com. The term, Realtor, is a registered service mark with the U.S. Patent Office, and the AP Stylebook says it is properly spelled with an initial capital R.
