Regional market information is reinforcing the identical story taking part in out nationally: Housing demand is holding up throughout main metros, whilst mortgage charges transfer nearer to ranges which have traditionally pressured exercise.
That nationwide backdrop stays surprisingly agency. Weekly pending gross sales rose to 71,230, up from 68,726 a 12 months in the past, whereas buy functions are nonetheless exhibiting 12% 12 months over 12 months development. However the margin for error is narrowing as charges rise.
“Sometimes, mortgage charges above 6.64% and breaking over 7% actually impression the info,” HousingWire Lead Analyst Logan Mohtashami wrote in this week’s market tracker.
On the regional stage, the info exhibits that threshold hasn’t been breached in a significant means but.
Texas continues to drive nationwide quantity
Texas continues to anchor nationwide demand, with 8,223 new pending gross sales statewide — the very best quantity within the nation. Dallas-Fort Value recorded 2,227 new pendings, basically flat week over week, whereas Houston noticed 2,025, up 4.3% over the identical interval. San Antonio added one other 907 pending gross sales.
That consistency issues. Texas has been probably the most dependable drivers of nationwide housing exercise, and continued stability there’s serving to offset softness that may in any other case emerge in a higher-rate setting.
California and the Midwest are holding up
California markets are additionally exhibiting resilience, even with larger value factors and better sensitivity to mortgage charges. Los Angeles posted 1,112 new pending gross sales, whereas Riverside-San Bernardino recorded 888.
Importantly, value reductions stay contained. Simply 26.5% of listings in California have seen value cuts, effectively beneath nationwide norms and a sign that sellers should not but being pressured into widespread discounting.
The Midwest is standing out as effectively, pushed by relative affordability and tighter stock circumstances. Chicago recorded 1,525 new pending gross sales, up 2.3% week over week, whereas Detroit added 994 pending transactions.
These markets are serving to stabilize total housing exercise, notably as higher-cost areas face better affordability constraints.
What it means if charges transfer larger
Nationally, pricing developments stay regular. HousingWire data exhibits 33.8% of listings had value reductions final week, basically according to the 34% stage from the identical time in 2025. That aligns with regional information, suggesting sellers are nonetheless discovering consumers while not having to considerably reset expectations.
For trade professionals, the takeaway is that demand stays geographically broad and extra resilient than mortgage fee ranges alone would recommend. Texas continues to drive quantity, California is holding firmer than anticipated, and Midwest markets are offering stability.
Tight stock and value reductions that stay according to current norms are serving to transactions proceed with out a broad reset in pricing.
Regional markets are confirming the nationwide story — demand is holding, supported by constrained provide and disciplined pricing.
For deeper context on charges, demand indicators and the macro backdrop shaping 2026 housing exercise, learn HousingWire’s Housing Market Tracker weekly evaluation. To trace real-time information in nationwide and native markets, get access to HousingWire Intelligence. HousingWire used HousingWire Data to supply this story. This text relies on single-family residence information by March 20, 2026. For enterprise purchasers trying to license the identical market information at a bigger scale, visit HW Data.
