Updated: 11-May-26 10:26 ETHighlights
- Existing home sales increased 0.2% month-over-month in April to a seasonally adjusted annual rate of 4.02 million (Briefing.com consensus: 4.05 million) from an upwardly revised 4.01 million (from 3.98 million) in March.
- Sales were unchanged on a year-over-year basis.
- The median existing home sales price for all housing types increased 0.9% year-over-year to $417,700, marking the 34th consecutive month of year-over-year increases. The median price for single-family homes rose 1.0% to $422,300.
- Existing home sales month-over-month/year-over-year across regions: Northeast (0.0%/-8.2%); Midwest (+2.2%/-1.0%); South (+0.5%/+2.7%); and West (-2.6%/0.0%).
- Median home prices by region year-over-year: Northeast (+4.8% to $510,800); Midwest (+3.6% to $324,500); South (+0.4% to $366,600); and West (-1.4% to $619,600).
- The median time on market for existing homes was 32 days versus 41 in March and 29 days in the year-ago period.
- First-time buyers accounted for 33% of sales versus 32% in March and 34% a year ago.
- Cash sales represented 25% of transactions versus 27% in March and 25% a year ago.
- The key takeaway from the report is that affordability conditions improved, with mortgage rates lower than a year ago and average income gains exceeding home price gains, yet overall sales activity remained tepid. The exact reason why is hard to pinpoint. A range of factors could be pertinent, from tight supply and not being able to find the right home to a bet that mortgage rates will come down more or to fraying confidence in job security.
| Category | APR | MAR | FEB | JAN | DEC |
| Existing Home Sales | 4.02M | 4.01M | 4.13M | 4.02M | 4.27M |
| Months Supply | 4.4 | 4.2 | 3.8 | 3.8 | 3.5 |
| Median Price Y/Y | 0.9% | 1.5% | 0.3% | 0.4% | 0.3% |
