WASHINGTON (May 11, 2026) – Existing-home sales increased by 0.2% month-over-month in April, according to the National Association of REALTORS® Existing-Home Sales report. The report provides the real estate ecosystem—including agents, homebuyers and sellers—with data on the level of home sales, price, and inventory.
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.
“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.”
“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
Total Existing-Home Sales for April
- 0.2% increase in existing-home sales1 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 inventory2, 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 in April
- $417,700: Median existing-home price3 for all housing types
- 0.9% increase from one year ago ($414,000)—the 34th consecutive month of year-over-year price increases.
Housing Affordability in April
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 in April
- No change in sales month-over-month with a seasonally adjusted annual rate of 3.64 million, down 0.3% from April 2025.
- $422,300: Median home price, up 1.0% from last year.
Condominiums and Co-ops in April
- 2.7% increase in sales month-over-month to a seasonally adjusted annual rate of 380,000
- 2.7% increase from last year.
- $374,100: Median price, up 1.1% from April 2025.
Regional Snapshot for Existing-Home Sales in April
Northeast
- Unchanged sales month-over-month at an annual rate of 450,000
- Down 8.2% year-over-year
- $510,800: Median price, up 4.8% from April 2025
Midwest
- 2.2% increase in sales month-over-month to an annual rate of 950,000
- Down 1.0% year-over-year
- $324,500: Median price, up 3.6% from April 2025.
South
- 0.5% increase in sales month-over-month to an annual rate of 1.87 million
- Up 2.7% year-over-year
- $366,600: Median price, up 0.4% from April 2025
West
- 2.6% decrease in sales month-over-month to an annual rate of 750,000
- Unchanged from last year
- $619,600: Median price, down 1.4% from April 2025.
REALTORS® Confidence Index for April
- 32 days: Median time on market for properties, down from 41 days last month
- Up from 29 days in April 2025
- 33% of sales were first-time homebuyers, up from 32% in March
- Down slightly from 34% one year ago
- 25% of transactions were cash sales, down from 27% last month
- Unchanged from 25% in April 2025
- 16% of transactions were individual investors or second-home buyers, down from 18% last month
- Up slightly from 15% one year ago
- 2% of sales were distressed sales4 (foreclosures and short sales)
- Unchanged from last month and a year ago.
Mortgage Rates
- 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.
Selling a home in Albuquerque right now may feel confusing at times. One minute you hear the market is strong, the next you see a home down the street sit for weeks. Headlines talk about interest rates and national trends, but none of that tells you what will actually happen with your home, on your street, with your layout and condition.
Before we get into everything this beautiful weekend has to offer, we want to take a moment to honor the reason we gather at all.
