US Home Prices Were Nearly Flat in February as Large Markets Split Evenly Between Gains and Declines

ARLINGTON, Va.--(BUSINESS WIRE)--Mar 12, 2026--

Homes.com, a CoStar Group (NASDAQ: CSGP) leading online residential marketplace, released a new report today analyzing home price trends through February 2026, including details across major metros and house types.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260312247319/en/

In February 2026, home prices in the U.S. showed almost no change year over year, as the housing market continued its gradual transition away from the overheated conditions of the early 2020s, according to the latest Homes.com data. The national median home price reached $375,885, just 0.2% higher than February 2025 and only 0.4% above January 2026.

Beneath that stable national number, price movement varied widely across the 40 large markets tracked by Homes.com, with an equal number experiencing increases and declines.

“The February data highlight a market that has settled into a more normal pattern, with prices holding close to where they were a year ago,” said Brad Case, Chief Residential Economist at Homes.com. “What stands out is the balance: Some markets are still seeing gains while others are giving back a little of their earlier run‑up.”

Midwestern and select coastal markets led price gains
Four of the five largest increases were in relatively affordable markets—St. Louis at 8.1%, Baltimore at 4.9%, Chicago at 4.5%, and Kansas City at 3.7%—while supply constraints continued to drive prices higher in San Francisco at 5.3%. These patterns highlight the role of affordability in supporting steady price growth in Midwestern markets and the influence of tight for‑sale supply in certain coastal markets.

Former high‑growth markets posted modest price declines
Several markets that surged earlier in the decade are now experiencing modest pullbacks. Denver fell 4% from a year ago, Boston declined 3.7%, Austin decreased 3.5%, Sacramento slipped 3.1%, and Los Angeles edged down 2.2%. While these declines remain limited in size, they reflect a gradual rebalancing in markets where affordability pressures have been most intense.

The price landscape was defined by balance rather than extremes
Underlying housing‑market indicators, such as gradually rising inventory and slightly longer selling times, help explain why the national trend is essentially flat. Those shifts did not produce a broad-based price correction, but they did contribute to local variation in price direction.

“Flat national appreciation can mean price gains in Chicago and Baltimore at the same time as price declines in Denver and Austin,” Case said. “That’s a sign of normalization, not weakness.”

Price stability remained the defining theme of early 2026.
February’s numbers point to a market characterized by stability rather than volatility. National appreciation is close to zero, regional patterns are mixed rather than uniform, and no large market is seeing severe upward or downward price movement. Early 2026 is shaping up to be one of the most balanced pricing environments in recent years.

AboutHomes.com
The Homes.com Network is the fastest-growing residential real estate marketplace and the second largest in the United States. Homes.com is a brand of CoStar Group (NASDAQ: CSGP), a global leader in commercial real estate information, analytics, and online marketplaces, which acquired the platform in 2021.

Homes.com is the first major U.S. real estate portal to focus first on helping homeowners and their agents leverage the marketing power of the internet to bring more potential buyers to their listings. Homes.com’s unparalleled content and search capabilities bring millions of buyers and sellers to the site where they can seamlessly connect with agents. On average, Homes.com’s Members are winning 60% more listings* because they offer the home sellers a real estate portal that works for them not against them.

The Homes.com Network reached an audience of 108 million average monthly unique visitors in 2025** Consumer brand awareness skyrocketed from 4% to 33% in just one year since CoStar Group launched the industry’s largest marketing campaign to date in February 2024, reintroducing the platform to the market. For more information, visit Homes.com.

*Based on internal analyses comparing Members to non-Members on Homes.com.
** Homes.com Network (which includes Homes.com, the Apartments Network, and the Land Network) average monthly unique visitors (108 million) for the year ended December 31, 2025, according to Google Analytics.

About CoStar Group
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

U.S. Annual Change in Sale Prices

U.S. Sale Prices

U.S. Sale Prices Key Indicators

SHANGHAI (AP) — Formula 1 and its governing body FIA said the Grand Prix races in Bahrain and Saudi Arabia will not happen in April because of safety concerns related to the Iran war.

Both countries have been struck during Iran’s response after the United States and Israel launched a wave of attacks on Iran.

The announcement was made early Sunday morning in Shanghai ahead of the Chinese Grand Prix.

“Due to the ongoing situation in the Middle East region, the Bahrain and Saudi Arabian Grands Prix will not take place in April,” F1 said. “While several alternatives were considered, it was ultimately decided that no substitutions will be made in April.”

F1 was due to race in Bahrain on April 12 and in the Saudi Arabian city of Jeddah on April 19.

“While this was a difficult decision to take, it is unfortunately the right one at this stage considering the current situation in the Middle East," said Stefano Domenicali, president and CEO of F1.

The FIA said the two races “will not take place in April” and that no replacements would be organized.

“The FIA will always place the safety and well being of our community and colleagues first. After careful consideration, we have taken this decision with that responsibility firmly in mind,” FIA President Mohammed Ben Sulayem said.

The FIA didn’t explicitly rule out rescheduling the races and, along with F1, did not use the words "cancel" or "postpone" in announcing the series would not be in Bahrain or Saudi Arabia next month.

Ben Sulayem said: “Bahrain and Saudi Arabia are incredibly important to the ecosystem of our racing season, and I look forward to returning to both as soon as circumstances allow.”

The promoters of the races in Bahrain and Saudi Arabia said they supported the decision.

F1’s packed schedule doesn’t have any obvious open dates for rescheduled races this year.

Calling off the Bahrain and Saudi Arabian races means there will be a five-week gap from the Japanese Grand Prix on March 29 and the next race, the Miami Grand Prix on May 3. Without any rescheduling, the 22-race schedule would be the shortest since 2023.

The two Middle East races weren’t until next month but F1 faced making a decision earlier because it typically flies in the first staff and cargo to tracks weeks in advance. F1 was also faced with the difficulty of selling tickets at short notice, which make it almost impossible to set up a replacement race in other countries.

Kimi Antonelli, the Mercedes driver who qualified on pole position for Sunday’s race in Shanghai, said his thoughts were “with the ones that are suffering from this situation” and that safety needed to be the priority, adding of the FIA and F1: “I’m sure they will do the right thing.”

The schedule is a joint matter for the FIA and for F1’s commercial rights holder and teams had signaled a willingness to follow their lead.

“I think we follow the guidance of the FIA and Formula 1, as we always do. They’ve always led us in the right direction,” Audi team principal Jonathan Wheatley said Friday. “Nobody’s going to compromise on anything that would put teams into an uncomfortable situation.”

Bahrain had already hosted two preseason F1 tests this season before Israel and the United States launched attacks on Iran. A smaller-scale test of wet-weather tires was called off in the immediate aftermath of those strikes.

A travel shutdown affecting major airports in the Middle East also caused disruption for Europe-based F1 and team staff heading to Melbourne for the season-opening Australian Grand Prix.

The last time a scheduled F1 race was canceled was in 2023, when the Emilia Romagna Grand Prix in northern Italy was called off at short notice due to deadly floods in the area.

In 2022, F1 continued with its race weekend in Saudi Arabia even after Yemen’s Houthi rebels attacked an oil depot during a practice session, with black smoke visible from the Jeddah circuit.

The same year, F1 canceled the Russian Grand Prix’s contract after Russia invaded neighboring Ukraine.

AP auto racing: https://apnews.com/hub/auto-racing

This image released by Bahrain's Interior Ministry shows firefighters extinguishing flames after an Iranian projectile struck an industrial area in Ma'ameer, Bahrain, Monday, March 9, 2026. (Bahrain Interior Ministry via AP)

Mercedes driver George Russell of Britain comes out of the pits during the Sprint Race of the Chinese Formula One Grand Prix at the Shanghai International Circuit, in Shanghai, China, Saturday, March 14, 2026. (AP Photo/Andy Wong, Pool)

Mercedes driver George Russell of Britain crosses the finish line and wins the Sprint Race of the Chinese Formula One Grand Prix at the Shanghai International Circuit, in Shanghai, China, Saturday, March 14, 2026. (AP Photo/Andy Wong, Pool)