With mortgage rates near 6%, weekly housing demand rebounded as winter weather effects began fading from the data. The improvement appears tied more to normalization following the late-January snowstorm than to a structural acceleration in market activity. New listings also increased week over week, reinforcing signs that weather-related distortions are easing.
Housing inventory rose modestly, and the year-over-year price-cut percentage is now nearly 1% lower than during the same period in 2025. While some monthly sales reports may still reflect snow-related disruptions, weekly data trends are beginning to stabilize.
HousingWire lead analyst Logan Mohtashami noted in this week’s Market Tracker that normalization is beginning to show up in forward-looking indicators.
“Housing inventory picked up a smidge, and the year-over-year price cut percentage is now down almost 1% versus 2025 data last week. While I do believe some of the monthly sales data will still reflect the snowstorm, the weekly data is starting to normalize.”
The early signs of stabilization are clearer in forward-looking metrics. For a deeper breakdown of the weekly data trends and signals shaping the spring market, read this week’s HousingWire Market Tracker.
Weekly pending sales
Pending home sales provide a timely week-to-week view of housing demand, though the data can be influenced by holidays and short-term disruptions such as severe weather events.
New pending sales totaled 59,469 for the week, compared to 60,316 during the same week in 2025.
Before the snowstorm, key leading indicators were consistently positive year over year. Total pending home sales, which are less volatile than weekly new pendings, have shown year-over-year growth every week so far in 2026.
Demand signals remain mixed following the snow disruption, though weekly pending sales point to gradual normalization.
Mortgage rates
Mortgage rates ended the week near 6% and remain toward the lower end of their recent range.
HousingWire lead analyst Logan Mohtashami noted in this week’s HousingWire Market Tracker that recent rate movement reflects bond market volatility rather than a fundamental shift in housing demand, with a full breakdown of rate dynamics available in his weekly analysis.
Weekly housing inventory data
Active inventory increased from 687,697 to 690,547 during the week ending Feb. 13.
During the same week last year, inventory rose from 632,325 to 637,984.
Year-over-year inventory growth has slowed to 8.24%, down from 33% earlier in the cycle, limiting upward price pressure while keeping overall supply below historical norms.
Seasonally, inventory typically begins rising in late February or early March. Growth within that window would reflect normal seasonal patterns.
New listings
New listings rebounded to 54,324 last week, compared to 56,558 during the same week in 2025.
During seasonal peak periods between 2013 and 2019, new listings typically ranged between 80,000 and 100,000 per week. Current levels suggest normalization but not acceleration.
Price-cut percentage
The price-cut percentage last week was 32.13%, compared to 33% during the same week in 2025.
Approximately one-third of homes typically undergo price reductions before selling. The current level reflects ongoing buyer price sensitivity even as mortgage rates hold near 6% and inventory gradually returns to the market.
The week ahead
This week will bring pending home sales, new home sales, housing starts and builder confidence data, along with additional Federal Reserve speeches and inflation reports.
As the spring market window opens, incoming inventory data will help determine whether the recent normalization in demand and pricing continues.
HousingWire used HW Data to source this story. This article is based on single-family residence data through Feb. 13, 2026. To see what’s happening in your own local market, generate housing market reports. For enterprise clients looking to license the same market data at a larger scale, visit HW Data.
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