US Existing-Homes Lingering on Market for 60 Days Hits Highest February Level Since 2019

Some 52.2% of February home listings were on the market for at least 60 days without going under contract, up from 50.1% in February 2025 and the highest share since 2019, according to Redfin. Redfin noted the data is based on listings going back to 2012 and is seasonal, which is why February is compared to prior Februarys.

In dollar terms, stale inventory totaled $347 billion nationwide, up 4.3% year-over-year and the highest dollar amount on record for this time of year. Total inventory stood at $636 billion worth of homes for sale, essentially unchanged from a year earlier and also a record for this time of year, with the exception of 2025, when it was marginally higher.

Redfin attributed the buildup to a record 630,000 more home sellers than buyers currently in the market. US home sales fell 3.1% year-over-year in February, with demand suppressed by elevated mortgage rates, high prices, and economic uncertainty.

The total number of homes for sale was up 1.5% year-over-year as many sellers remain in the market hoping to capitalize on still-high home values. The median home-sale price was up roughly 1% year-over-year.

The typical home that went under contract in February spent 66 days on the market, the slowest pace for this time of year in a decade.