New data from April 2026 reported existing-home sales increased by 0.2%. While a slight increase, this rebound from March’s nine-month low exhibits signs of a balancing market.
The average sales price of existing homes increased 0.9% from the previous year at $417,700.
Regionally, the Midwest and South saw the most increase at +2.2% and +0.5% respectively. The Northeast remained unchanged while the West fell 2.6%. The percent of first-time homebuyers are also up, at 33%.
“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.”
