U.S. home sales fell to 3.98 million in March, the lowest since late 2022.

Existing U.S. home sales dropped 3.6% in March to a seasonally adjusted annual rate of 3.98 million, marking the slowest pace in nine months. Despite lower mortgage rates, the decline reflects broader economic uncertainty and high home prices, keeping buyers on the sidelines. The National Association of Realtors reported the market remains well below historical norms and revised its 2026 sales forecast downward.