Existing-home sales increased by 0.2% month-over-month in April, according to the National Association of REALTORS® (NAR) Existing-Home Sales Report, which provides data on the level of home sales, price, and inventory.
“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,” said NAR Chief Economist Dr. Lawrence Yun. “Mortgage rates are lower from a year ago, and average income growth is outpacing home price gains.”
Month-over-month sales increased in the Midwest and the South, were unchanged in the Northeast, and declined in the West. On a year-over-year basis, sales rose in the South, were flat in the West, and fell in both the Northeast and Midwest.
“Inventory still remains tight,” Yun added. “Multiple offers, though not as intense as a few years ago, are still occurring. At the same time, days on market are lengthening on average, implying that consumers are taking their time before making decisions.
“The increase in second-home purchases reflects stronger finances among higher-income households, as well as the post-COVID rise in remote work and hybrid job schedules.”
National snapshot for April
Total existing-home sales
- 4.02 million (seasonally adjusted annual rate), a 0.2% month-over-month increase; no change in sales year over year.
Inventory
- 1.47 million units (total housing inventory), up 5.8% from March and 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
- $417,700 (median for all housing types), a 0.9% increase from one year ago ($414,000)—the 34th consecutive month of year-over-year price increases.
- 6.33%: The average 30-year fixed-rate mortgage in April, according to Freddie Mac, up from 6.18% in March and down from 6.73% one year ago.
Housing affordability
- The Housing Affordability Index registered at 110.6, up from 101.4 a year ago.
- Year over year, affordability improved across all regions:
- Northeast: +4.7%
- Midwest: +5.9%
- South: +9.6%
- West: +12.5%
Single-family and condo/co-op sales
Single-family homes
- No change in sales month over month, with a seasonally adjusted annual rate of 3.64 million, down 0.3% from April 2025.
- Median home price: $422,300, up 1.0% from last year.
Condominiums and co-ops
- 2.7% increase in sales month over month to a seasonally adjusted annual rate of 380,000; up 2.7% from last year.
- Median price: $374,100, up 1.1% from April 2025.
Regional snapshot for April
Northeast
- Sales: Unchanged month over month at an annual rate of 450,000; down 8.2% year over year.
- Median price: $510,800, up 4.8% from April 2025.
Midwest
- Sales: 2.2% increase month over month to an annual rate of 950,000; down 1.0% year over year.
- Median price: $324,500, up 3.6% from April 2025.
South
- Sales: 0.5% increase month over month to an annual rate of 1.87 million; up 2.7% year over year.
- Median price: $366,600, up 0.4% from April 2025.
West
- Sales: 2.6% decrease month over month to an annual rate of 750,000; unchanged from last year.
- Median price: $619,600, down 1.4% from April 2025.
REALTORS® Confidence Index for April
- Median time on market: 32 days, down from 41 days last month but up from 29 days in April 2025.
- First-time homebuyers: 33% of sales, up from 32% in March but down slightly from 34% one year ago.
- Cash sales: 25% of transactions, down from 27% last month but unchanged from 25% in April 2025.
- Individual investors or second-home buyers: 16% of transactions, down from 18% last month but up slightly from 15% one year ago.
- Distressed sales (foreclosures and short sales): 2% of sales; unchanged from last month and a year ago.
About the National Association of REALTORS®
The National Association of REALTORS® (NAR) is involved in all aspects of residential and commercial real estate. The term REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics. For free consumer guides about navigating the homebuying and selling transaction processes—from written buyer agreements to negotiating compensation—visit facts.realtor.
