The late-January snowstorm that blanketed massive parts of the U.S. is now clearly seen in nationwide housing knowledge. After displaying solely delicate results the prior week, housing exercise pulled again throughout a number of key metrics, led by new listings and pending gross sales.
Even so, the broader market image stays intact. Stock development is slowing, the share of properties with worth cuts continues to enhance 12 months over 12 months, and the Market Motion Index (MAI) stays seller-leaning nationally, supported by mortgage charges holding close to 6%.
“I used to be amazed that the final Housing Market Tracker didn’t present a lot drama from the epic late-January snowstorm that impacted a lot of the U.S., however in the present day’s tracker knowledge received hit for positive. Nevertheless, the housing market will likely be again in full power once more quickly.”
Nationwide market snapshot
Key metrics as of Feb. 6, 2026 (single-family properties)
- Median record worth: $420,000 (up $1 week over week)
- New listings median worth: $425,000 (up $15,100 week over week)
- Common days on market: 91 (unchanged)
- Lively stock: 687,697 properties (down 1.2% week over week)
- Months of provide: 2.5 months
- Worth per sq. foot: $210 (up from $209)
- Houses with worth cuts: 32.2% (down from 32.7%)
- Houses with worth will increase: 2.3% (flat)
- Relisted properties: 11.0% (up from 10.8%)
- Market Motion Index: 35.9 (up from 34.0)
Listings and contracts mirror timing disruption
The storm’s influence is most seen in new listings and pending gross sales — the 2 metrics that have a tendency to maneuver first when climate disrupts showings, inspections and vendor timing choices.
New listings fell to 48,365, down 10.2% 12 months over 12 months from 53,861. As a result of new listings symbolize the cleanest real-time provide sign, the tempo of restoration over the following a number of weeks will likely be essential for shaping early spring stock ranges. A fast rebound would affirm a weather-driven pause. A chronic decline would tighten provide heading into peak season.
Pending dwelling gross sales declined to 54,255, down 5.7% 12 months over 12 months. Since pending contracts sometimes convert to closings with a 30- to 60-day lag, this week’s softness is more likely to affect March and April transaction quantity. The course of mortgage charges will decide whether or not that dip proves non permanent or extends additional.
Stock development continues to decelerate
Lively stock declined from 696,222 to 687,697 properties, a 1.2% week-over-week drop. On a year-over-year foundation, stock is up 8.8%, a pointy slowdown from the roughly 33% development peak recorded in 2025.
The deceleration in stock development adjustments the provision narrative heading into spring. As year-over-year comparisons turn into harder within the coming months, even modest itemizing development might produce tighter market situations than many anticipated late final 12 months.
“Stock development, which peaked at 33% in 2025, is now under 9% 12 months over 12 months. The year-over-year comps will get more durable as we head into spring.”
Pricing alerts stay agency
Regardless of slower weekly exercise, pricing metrics continued to enhance. Houses with worth cuts accounted for 32.2% of listings, under final 12 months’s degree of 33.0%, extending a development of unfavourable year-over-year price-cut knowledge. On the identical time, the MAI rose to 35.9, reinforcing seller-leaning nationwide situations.
The mix of moderating stock development and bettering price-cut share signifies that offer and demand stay comparatively balanced beneath the short-term volatility. Mortgage charges close to 6% proceed to offer a stabilizing impact.
Regional markets present various levels of resilience
Snow Belt metros
New York metro
- Stock: 12,222 (down 3.2% week over week, up 0.3% 12 months over 12 months)
- New listings: 1,148 (up 8.0% week over week, down 22.2% 12 months over 12 months)
- MAI: 43.3
- Worth cuts: 18.8%
Chicago metro
- Stock: 7,672 (down 1.1% week over week, down 3.0% 12 months over 12 months)
- New listings: 789 (up 19.0% week over week, down 9.0% 12 months over 12 months)
- MAI: 43.1
- Worth cuts: 26.2%
Detroit metro
- Stock: 6,605 (down 2.2% week over week, up 20.6% 12 months over 12 months)
- New listings: 573 (up 11.0% week over week, up 8.1% 12 months over 12 months)
- MAI: 45.0
A number of northern metros proceed to point out sturdy seller-leaning situations and comparatively low price-cut shares, indicating sustained purchaser competitors regardless of weather-driven volatility.
Southern markets
Houston
- Stock: 31,347 (up 0.1% week over week, up 16.9% 12 months over 12 months)
- New listings: 1,882 (up 14.3% week over week, down 0.6% 12 months over 12 months)
- MAI: 29.1
Dallas-Fort Value
- Stock: 23,909 (down 1.0% week over week, up 3.5% 12 months over 12 months)
- New listings: 1,394 (down 1.5% week over week, down 26.1% 12 months over 12 months)
- MAI: 33.6
Miami
- Stock: 15,167 (down 0.9% week over week, down 3.1% 12 months over 12 months)
- New listings: 1,096 (down 3.5% week over week, down 13.5% 12 months over 12 months)
- MAI: 35.0
Southern markets stay extra balanced general, with greater stock ranges in some metros creating higher pricing sensitivity in comparison with tighter northern markets.
State-level traits
- Texas leads the nation in stock with 117,049 properties however noticed a ten.9% year-over-year decline in new listings.
- Florida, the second-largest stock state with 92,312 properties, recorded a ten.8% year-over-year drop in new listings.
- California continues to publish sturdy vendor situations (MAI 46.7) and one of many lowest major-state price-cut charges (24.6%).
Outlook heading into spring
The late-January snowstorm clearly disrupted weekly exercise, notably in listings and contracts. Nevertheless, slowing stock development, bettering price-cut share and regular mortgage charges counsel the underlying construction of the housing market stays steady.
The tempo at which new listings get well will decide whether or not this episode registers as a quick winter interruption or the start of a extra constrained spring provide setting.
For deeper context on charges, demand alerts and the macro backdrop shaping early-2026 housing exercise, learn HousingWire’s Housing Market Tracker weekly evaluation. HousingWire used HW Data to supply this story. This text relies on single-family residence knowledge via Feb. 6, 2026. The Market Action Index (MAI) measures the steadiness between provide and demand, with greater readings indicating stronger vendor leverage. To see what’s occurring in your personal native market, generate housing market reports. For enterprise shoppers trying to license the identical market knowledge at a bigger scale, visit HW Data.
