03:42 PM EDT, 03/30/2026 (MT Newswires) -- The value of stale housing inventory in the US hit a record high for February as sellers outnumbered buyers while demand slowed, Redfin.com said Monday.

There was roughly $347.36 billion worth of stale inventory on the market last month, up 4.3% year over year and the highest dollar amount on record for this time of year, according to the online real estate brokerage. The share of stale listings increased to 52% in February from 50% a year earlier, marking the highest February figure since 2019, the report showed.

Redfin defines stale inventory as home listings that spend at least 60 days on the market and are actively listed for sale on the final day of the relevant month. Since the data is seasonal, the brokerage said it compared February to the same month from previous years.

Total US housing inventory last month was worth $636.4 billion, essentially unchanged from a year earlier, according to the report.

"The total value of stale inventory -- and all inventory -- is higher than ever for this time of year because there are a record 630,000 more home sellers than buyers in the market, lengthening the amount of time it takes to sell a home," Redfin said.

The median home-sale price is up almost 1% year over year. "When home prices increase, so does the total dollar value of homes for sale, and the total dollar value of stale inventory," Redfin said.

Among major US metros, stale inventory is most common in Florida, and least common in the Bay Area.

US home sales dropped 3.1% year over year last month as buyers trooped to the sidelines amid high costs and mortgage rates, and worries about layoffs, inflation and the conflict in the Middle East, according to the brokerage.