
We’re seeing a small spring rebound, with brand-new listings of homes for sale ticking up.
New listings of U.S. homes for sale increased 3% year over year throughout the 4 weeks ending April 19, the greatest boost since November.
Pending home sales fell 1.2% year over year, the smallest decline in about a month. Mortgage-purchase applications rose 10% week over week.
Some home sellers and buyers have actually entered the market as home mortgage rates decrease. The weekly typical mortgage rate fell to 6.3% from 6.46% 2 weeks earlier, bringing the median regular monthly housing payment down 1.4% year over year. In addition, there were some indications last week that completion remained in sight for the Iran war, which sent oil costs down momentarily. That may have brought some home sellers and purchasers off the sidelines as they felt more self-confidence in the economy.
Still, this spring’s homebuying season is off to a sluggish start. Mortgage rates are still above the sub-6% rates we saw briefly in February, and home-sale prices are up 2% year over year. In addition to elevated expenses, some Americans are shying away from offering or buying homes since the economy feels shaky, partly due to issues about job security and the Iran war.
“The leaves are turning green, the flowers are flowering, and more sellers are listing their homes in hopes of moving before the next academic year starts,” said Adrianna Berlin, a Redfin agent in Grand Rapids, MI. “While some people are holding back on selling or buying since they’re holding out hope that mortgage rates will drop, the majority of have pertained to terms with today’s costs. The people who require to move this summer season are beginning to note their homes or prepare for listing.”
A recent Redfin analysis discovered that late April is the best time to note a home for sale across the country, though the prime window varies by area.
For Redfin economists’ handles the housing market, please see Redfin’s “From Our Economic experts” page.
Leading indications
Indicators of homebuying
returns through 2015. Topic
to
| modification. Four weeks ending April 19, 2026
Year-over-year change Notes Average price$394,687 2%Typical asking cost$ 427,475 2.7 %Median month-to-month home loan payment$2,740 at a 6.3%mortgage rate -1.4%Pending sales 89,393 -1.2 %Brand-new listings 107,644 3% Greatest increase because November |
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| Active listings 1,110,922 -2.6 %Greatest | decline because 2023 Months of supply | 4.2 Unchanged 4 to | |||
| 5 months of supply is | considered balanced, with a lower number | ||||
| suggesting seller’s market conditions Share of | homes off market | ||||
| in two weeks 38.9 %Basically the same Median days on market 46 +4 days Share of homes offered | above | ||||
| market price 24.9 | %Down from 26 | % | |||
| Average sale-to-list rate ratio 98.7 | % | Down from 98.8%Metro-level highlights: Four weeks ending April 19, 2026 Redfin’s | metro-level information | includes the | 50 most populated U.S. metros. Select |
| metros may be left out from time | to time to | guarantee information accuracy. Metros with biggest year-over-year boosts Metros with greatest year-over-year decreases Notes Median list price Detroit( | |||
| 14.8% )San Francisco (11.7% )Cleveland(11 | % | )Providence, RI(10.6% | |||
| )Pittsburgh (9.7%)Austin, | TX | (-3.6%) | |||
| Riverside, CA(-3.4%) Seattle(-3 %)Minneapolis( | -2.7% | )Las Vegas (-2.4%)Decreased in 18 | |||
| cities Pending sales West Palm Beach | , FL(19.6%) | Miami (10.6% |
|
)Milwaukee( 6.2%)Austin, TX( 4.3%) Pittsburgh(3.7%) Houston( -14.5%)Seattle(-11.7 %)Providence, RI( -9.6%)Nassau County, NY (-9.4%) Detroit (-9.2% )New listings Milwaukee, WI( 22.2%)Montgomery County, PA(20.6% |
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|---|---|---|---|---|---|
| )Pittsburgh (15.4%) Washington, D.C. (14.4%)Minneapolis | (14%)Tampa, FL(-10.9 %)Riverside, CA (-10.7%)Jacksonville, FL
(-10.2%)Las Vegas(-9.7%)Orlando | , FL(-8.1%)Describe | our metrics meaning page for explanations of all
the metrics used in this report. |
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