WaterSound Origins Market Update – Through February 2026
(Published March 2026 • Data through February 2026)
The Market Isn’t Sliding Anymore — It’s Leveling Out
Over the past six months, I’ve heard the same question from buyers again and again:
“Prices are still dropping… right?”
That was a fair assumption last summer. Inventory was rising, homes were sitting longer, and buyers clearly had the upper hand.
But fast forward to today, and the picture in WaterSound Origins looks a little different.
February still landed squarely in neutral market territory, but the momentum underneath it tells a more interesting story. The market isn’t sliding anymore — it’s starting to level out.
There Are Fewer Homes to Choose From
One of the biggest shifts since last summer is the number of homes available.
WaterSound Origins finished February with 3.5 months of inventory, which is firmly inside the neutral range. In fact, the number of homes on the market is lower than it was this time last year.
Yes, inventory ticked up slightly compared to January, but zoom out for a second and the trend is clear: the pool of available homes has gotten smaller.
For buyers hoping to wait for a wave of new listings, that wave hasn’t arrived.
Buyers Are Back in the Game
While inventory tightened, buyer activity picked up.
February recorded 18 closed sales, which is double the number of homes sold this time last year and noticeably higher than January.
Pending contracts also jumped — up more than 36% from last month and nearly 88% compared to last year.
In simple terms: more buyers are entering the market while the number of homes available stays relatively limited.
That combination tends to stabilize things pretty quickly.
Prices Are Finding Their Balance
At first glance, the price numbers might look softer.
The average price, median price, and price per square foot all slipped slightly compared to January.
But here’s the thing about a neighborhood like Origins: with a relatively small number of sales each month, just a few homes at different price points can swing the averages around.
What we’re really seeing isn’t a straight downward trend. It’s the market settling into a more sustainable rhythm after the rapid appreciation we saw during the pandemic years.
Prices aren’t skyrocketing anymore — but they’re also not falling off a cliff.
Negotiations Are Getting Tighter
One metric tells a really interesting story.
Homes in February sold for 99% of their original list price on average.
That means sellers are giving up very little in negotiations compared to earlier in the cycle.
Days on market also dropped to 103 days, a noticeable improvement from January.
The market might not feel competitive in the traditional sense, but well-priced homes are still moving.
Homes Are Getting Absorbed Faster
Another sign that the market is stabilizing is absorption — essentially how quickly homes are getting bought up.
Closed-sale absorption jumped more than 113% compared to last year, and pending absorption nearly doubled as well.
In plain English: homes are getting scooped up faster than they were a year ago.
And when that happens while inventory shrinks, the downward pressure on prices usually starts to ease.
The Big Picture
WaterSound Origins isn’t acting like a market that’s still falling.
It looks much more like a market that already went through its reset and is now finding its footing again.
Inventory has tightened.
Buyer activity has increased.
Negotiation gaps are narrowing.
For buyers waiting for prices to keep sliding, the reality on the ground might feel a little different.
For sellers, the takeaway is equally clear: pricing strategy still matters, but the heavy buyer leverage we saw last year is starting to fade.
Want the Full Market Report?
If you’d like to see the full WaterSound Origins market report with all the charts and data behind this summary, I’m happy to send it over.
Just reach out and I’ll share the PDF.
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