1023 ET - The typical U.S. home that went under contract in February spent 66 days on the market, the slowest winter pace in 10 years and up from 58 days a year earlier, Redfin says. Homebuyers are taking their time as spring approaches, which is usually the busiest season for the housing market. But the war in Iran, skyrocketing gas prices and other economic jitters are making homebuyers nervous, Redfin says, adding that it's a buyer's market, with sellers outnumbering buyers by more than 40%. It means the buyers who are in the market have negotiating power and can afford to take their time. The typical homebuyer in February paid 1.8% less than the final list price, the largest discount for this time of year since 2023. The median home sale price was $429,259, up 0.9% from a year earlier, Redfin says. (chris.wack@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 10:24 ET (14:24 GMT)
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