Signs of Spring? February Pending Home Sales See a Boost
If you have been waiting for the real estate market to show signs of life, the latest data suggests that the “spring thaw” might be arriving early. According to the National Association of Realtors® (NAR), pending home sales across the United States rose by 1.8% in February 2026.
While the U.S. Index currently sits at 72.1, the month-over-month growth is a promising indicator of shifting market dynamics.
What’s Driving the Growth?
NAR Chief Economist Dr. Lawrence Yun attributes this slight gain to improved affordability conditions. As buyers find more favorable terms, they are increasingly ready to sign contracts and move forward with their homeownership goals.
Regional Highlights: A Mixed Bag
The national average doesn’t tell the whole story, as activity varied significantly by region:
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The Midwest: The strongest performer in February with a 4.6% increase. Dr. Yun noted it remains the most affordable region in the country.
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The South: Continued its steady pace with a 2.7% gain.
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The West: Saw a modest rise of 0.9%.
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The Northeast: The only region to see a dip, falling 3.6% for the month.
What This Means for You
For Sellers, the increase in contract signings means serious buyers are out there. If you have been on the fence, now is the time to ensure your home is market-ready.
For Buyers, competition is beginning to pick up, particularly in affordable markets like the Midwest. Getting pre-approved is more important than ever to ensure you can move quickly when the right home appears.
Ready to make a move in the Greater Boston area?
Whether you are looking to buy or sell, I am here to help you navigate these shifting trends.
Disclaimer: This blog post is for informational purposes only and does not constitute financial advice. Consult with qualified professionals before making any financial decisions.
Michael Mahoney | Realtor®
REAL Broker LLC
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