Existing-home sales edged somewhat higher in April, supporting after March’s decline as improving affordability and increased inventory supplied modest assistance for purchasers. Sales increased 0.2% to a seasonally adjusted annual rate of 4.02 million, matching the rate seen one year earlier.
“Regardless of combined macroeconomic signals– consisting of a record-high stock exchange and traditionally low customer confidence– home sales were modestly improved by the ongoing improvement in housing affordability,” stated NAR Chief Financial expert Lawrence Yun. He likewise noted that home mortgage rates stay lower than a year ago while income growth continues to surpass home rate gratitude.
Stock continued to enhance in April, though supply remains reasonably constrained by historic requirements. Total housing stock reached 1.47 million units, up 5.8% from March and 1.4% higher than a year back, representing a 4.4-month supply of homes.
“Inventory still remains tight,” Yun stated, including that multiple offers are still occurring in some markets even as buyers take more time to make buying choices.
Home rates continued to move higher nationally, though gratitude stayed reasonably modest. The average existing-home price increased to $417,700, up 0.9% year-over-year and marking the 34th successive month of yearly cost gains.
Cost improved compared to in 2015 throughout all areas. The Real estate Cost Index signed up at 110.6 in April, up from 101.4 one year previously, reflecting the mix of slower home cost growth, reducing rates, and stronger home incomes.
Regional Breakdown (Sales and Rates, April 2026)
| Region | Sales (yearly rate) | Mama Modification | Typical Rate | YoY Modification |
|---|---|---|---|---|
| Northeast | 450k | 0.0% | $510,800 | +4.8% |
| Midwest | 950k | +2.2% | $324,500 | +3.6% |
| South | 1.87 m | +0.5% | $366,600 | +0.4% |
| West | 750k | -2.6% | $619,600 | -1.4% |
National Market Statistics
- Overall Real Estate Stock: 1.47 million units (up 5.8% from March; up 1.4% YoY)
- Unsold Stock Supply: 4.4 months (up from 4.2 last month; up from 4.3 one year ago)
- Median Existing-Home Cost: $417,700 (up 0.9% YoY; 34th consecutive yearly boost)
- Single-Family Typical Price: $422,300 (up 1.0% YoY)
- Condo/Co-op Average Cost: $374,100 (up 1.1% YoY)
- Single-Family Sales: 3.64 million (the same mama; down 0.3% YoY)
- Condo/Co-op Sales: 380k (up 2.7% MOMMY; up 2.7% YoY)