Existing home sales rise 0.2% in April as inventory grows

"Existing-home sales ticked up 0.2% in April to a seasonally adjusted annual rate of 4.02 million, while remaining flat from a year earlier, according to the National Association of Realtors' (NAR) April Existing Home Sales report released Monday."

"Total housing inventory reached 1.47 million units at the end of April, a 5.8% increase from March and 1.4% higher than a year ago. That equates to a 4.4-month supply at the current sales pace, up from 4.2 months in March and 4.3 months a year earlier."

"In more recent data, HousingWire Data shows that an estimated 83,993 existing homes were sold during the week that ended on May 8, 2026, with a median sales price of $415,000. Compared to the same time period a year ago, estimated existing home sales are up 6.3%, while the median home sales price remained relatively flat."

"Despite mixed macroeconomic signals including a record-high stock market and historically low consumer confidence home sales were modestly boosted by the continued improvement in housing affordability, NAR chief economist Lawrence Yun said in the NAR release. Mortgage rates are lower from a year ago, and average income growth is outpacing home price gains."

Existing-home sales increased 0.2% in April to a seasonally adjusted annual rate of 4.02 million, while remaining unchanged versus April 2025. Total inventory reached 1.47 million units, up 5.8% from March and 1.4% from a year earlier, corresponding to a 4.4-month supply. HousingWire Data estimated 83,993 existing homes sold in the week ending May 8, 2026, with a median sales price of $415,000, and sales up 6.3% year over year while prices were flat. Active listings totaled 767,132, up week over week and 1.5% higher than a year ago. Median days on market rose to 56 days from 49 a year earlier, reflecting slower turnover despite affordability gains.

Read at www.housingwire.com