The Luxury Market in March 2026

The National Picture

If February felt slow, March made up for it. Single-family luxury sales rose nearly 6% year over year and a striking 40% compared to February; attached sales climbed a similar amount, up more than 33% from the month before. Both increases outpaced the seasonal bump the market saw at the same point in 2025.

Inventory didn't keep pace with that demand. Single-family supply was essentially flat year over year, and attached inventory actually declined — with new listings pulling back too. That combination pushed the national market firmly back into seller's-market territory, at a 24.5% sales ratio, with homes selling at over 98% of asking.

For the quarter as a whole, single-family sales were up 3.6% and attached sales up 1.8% versus Q1 2025 — a solid start to the year that March's surge capped off on a high note.

Houston & The Woodlands: Back to Seller's Market, Fast

Houston's single-family luxury market swung back into Seller's territory in March, with a 22.3% sales ratio and a much quicker 24-day median — a sharp turnaround from February's 73-day wait.

The Woodlands & Spring moved even faster, at a 29.8% sales ratio and a 32-day median.

Houston's attached segment stayed in Balanced territory, though notably, sales there closed slightly above the asking price on average.

March was a reminder of how quickly this market can turn: the same single-family segment that took over two months to sell in February was moving in under a month by March. Pricing a listing for where the market is today, not where it was last month, mattered a great deal.

Sales data and luxury benchmark prices sourced from the Institute for Luxury Home Marketing's monthly Luxury Market Report, covering March 2026. Looking for the everyday market instead? See our Houston Market Report.