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Market Briefs

March Market Brief – GMLRA Highlights

April 23, 2026

 

Inventory levels remained strong in March 2026, with 330 new listings, up 15.4% year-over-year and 42.9% from February, and 732 active listings, up 14.2% annually and 9.3% month-over-month. This continued growth in supply is giving buyers more options as the spring market progresses.

Market activity showed mixed but steady performance. Sales volume held at $50.44M, up 11.1% year-over-year and 0.4% from February, while 99 units sold increased 3.1% annually but dipped 6.6% month-over-month. Units under contract rose to 116, up 28.9% from February despite being down 28.4% year-over-year, signaling a rebound in pending activity. The median sales price climbed to $375,000, up 1.9% year-over-year and 11.2% from February, reflecting continued price strength despite shifting pace in sales.

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Quick Snapshot of March 2026 Key Metrics

 
Metric Value Y/Y M/M
Sales Volume $50,443,692 +11.1% +0.4%
Units Sold 99 +3.1% -6.6%
Units Put Under Contract 116 -28.4% +28.9%
Median Sales Price $375,000 +1.9% +11.2%
New Listings 330 +15.4% +42.9%
Active Listings 732 +14.2% +9.3%

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