The U.S. housing market is now divided, with desirable, reasonably priced homes selling quickly while others linger longer, reflecting a return to pre-pandemic norms. In February 2026, 18.5% of properties went pending within seven days, with 44.3% of these selling above asking price, 2.6 times more likely than average. Regional differences show faster sales in affordable Midwest markets, while Sun Belt areas have more inventory and slower sales. Buyers have more options and negotiation power amid a smaller, pickier pool.