NewPanda (GH)
NewPanda (GH)
REAL ESTATE UPDATE

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REAL ESTATE UPDATE
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Existing-home sales edged up in April, while inventory continued to improve, according to the National Association of REALTORS® Existing-Home Sales Report. The latest data points to a market where buyers have a little more room to compare options, even as home prices continue to rise year over year.

For April 2026, existing-home sales reached a seasonally adjusted annual rate of 4.02 million, the median sales price was $417,700, and inventory stood at a 4.4-month supply. Prices increased 0.9% year-over-year, while inventory rose 0.1 months compared to April 2025.

Existing-home sales stats for April 2026
National Snapshot
Total Existing-Home Sales for April
  • 0.2% increase in existing-home sales month over month to a seasonally adjusted annual rate of 4.02 million
  • No change in sales year over year
Inventory in April
  • 1.47 million units: Total housing inventory, up 5.8% from March and up 1.4% from April 2025
  • 4.4-month supply of unsold inventory, up from 4.2 months last month and up from 4.3 months one year ago
Median Sales Price in April
  • $417,700: Median existing-home price for all housing types, up 0.9% from one year ago - marking the 34th consecutive month of annual price gains
“Mortgage rates are lower from a year ago, and average income growth is outpacing home price gains.”
- Lawrence Yun, NAR Chief Economist
Market Trends to Watch
  • Homes averaged 32 days on market, down from 41 days last month
  • First-time buyers accounted for 33% of purchases
  • Cash sales made up 25% of transactions
  • Inventory continued to improve, giving buyers more options heading into summer
Related Reads
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