Regional market data reinforces a similar story playing out nationally: Demand for housing is strong in every major metro, even as mortgage rates approach levels that have historically depressed activity.
That national background remains remarkably strong. Pending weekly sales rose to 71,230, from 68,726 last year, while purchase requests still showed 12% year-on-year growth. But the margin of error decreases as the values increase.
“Typically, mortgage rates above 6.64% and defaults of 7% really impact the data,” HousingWire Lead Analyst Logan Mohtashami wrote in this week’s market tracker.
At the regional level, the data shows that the threshold has not been meaningfully breached yet.
Texas continues to drive national volume
Texas continues to underpin national demand, with 8,223 pending new sales statewide — the highest in the country. Dallas-Fort Worth recorded 2,227 new waits, the lowest week-over-week, while Houston saw 2,025, up 4.3% over the same period. San Antonio added another 907 pending sales.
That consistency is important. Texas has been one of the most reliable drivers of national housing activity, and the continued stability is there to help soften the potential for a high-quality environment.
California and the Midwest are participating
California markets are also showing resilience, with even higher prices and greater sensitivity to mortgage rates. Los Angeles posted 1,112 new pending sales, while Riverside-San Bernardino recorded 888.
Importantly, the price reduction remains contained. Just 26.5% of listings in California saw price reductions, below national standards and a signal that retailers have not been forced into widespread discounting.
The Midwest also stands out, driven by limited affordability and strong innovation conditions. Chicago recorded 1,525 new pending sales, up 2.3% week over week, while Detroit added 994 pending purchases.
These markets help stabilize the overall housing market, especially as high-cost regions face significant affordability problems.
What does it mean when prices go up
Nationally, price trends remain stable. HousingWire data shows that 33.8% of listings had a price reduction last week, basically in line with the 34% rate from the same period in 2025. That’s consistent with regional data, which suggests retailers are still finding buyers without the need to reset expectations too much.
For industry experts, the bottom line is that demand remains geographically broad and more resilient than loan-to-value ratios alone would suggest. Texas continues to drive volume, California is holding up stronger than expected, and Midwest markets are providing stability.
A strong inventory and price reductions that keep up with the latest trends help operations continue without extensive resets in prices.
Regional markets confirm the national story – demand is there, supported by limited supply and fixed prices.
For in-depth context on rates, demand signals and the big picture shaping housing activity for 2026, read HousingWire’s Housing Market Tracker weekly analysis. To track real-time data on national and local markets, get access to HousingWire Intelligence. HousingWire used HousingWire Data for this story. This article is based on single-family residential data through March 20, 2026. For business customers who want to license the same market data on a larger scale, visit HW Data.
