In 2026, the housing market shows improved liquidity despite a 2.3% rise in inventory, with absorbed listings up 17.5% and new pendings up 10.7% year over year. Median list prices fell 2.2%, and price cuts remain high, aiding transactions. Market efficiency varies regionally, with some areas clearing inventory faster due to earlier price adjustments. Mortgage rates remain below 7%, supporting selective buyer engagement amid affordability challenges.