"The late-January snowstorm that blanketed large portions of the U.S. is now clearly visible in national housing data. After showing only mild effects the prior week, housing activity pulled back across several key metrics, led by new listings and pending sales. Even so, the broader market picture remains intact. Inventory growth is slowing, the share of homes with price cuts continues to improve year over year, and the Market Action Index (MAI) remains seller-leaning nationally, supported by mortgage rates holding near 6%."
"Key metrics as of Feb. 6, 2026 (single-family homes) Median list price: $420,000 (up $1 week over week) New listings median price: $425,000 (up $15,100 week over week) Average days on market: 91 (unchanged) Active inventory: 687,697 homes (down 1.2% week over week) Months of supply: 2.5 months Price per square foot: $210 (up from $209) Homes with price cuts: 32.2% (down from 32.7%) Homes with price increases: 2.3% (flat) Relisted homes: 11.0% (up from 10.8%) Market Action Index: 35.9 (up from 34.0)"
"The storm's impact is most visible in new listings and pending sales the two metrics that tend to move first when weather disrupts showings, inspections and seller timing decisions. New listings fell to 48,365, down 10.2% year over year from 53,861. Because new listings represent the cleanest real-time supply signal, the pace of recovery over the next several weeks will be critical for shaping early spring inventory levels. A quick rebound would confirm a weather-driven pause."
Late-January snowstorm reduced housing activity, most notably new listings and pending sales, reflecting disrupted showings, inspections, and seller timing. New listings fell to 48,365, down 10.2% year over year, while pending contracts declined to 54,255, down 5.7% year over year, suggesting closings may soften in coming weeks. Active inventory edged down 1.2% to 687,697 homes and months of supply held at 2.5. Price metrics remained stable: median list $420,000, price per square foot $210, and homes with price cuts improved to 32.2%. The Market Action Index stayed seller-leaning at 35.9, supported by mortgage rates near 6%.
Read at www.housingwire.com
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