US present house gross sales for April 4.02M versus 4.05M estimate

The US existing home sales for April 2026 shows:

• Prior month 3.98M revised to 4.01M
• Existing home sales for April 4.02M vs 4.05M estimate
• Existing home sales percentage change 0.2%

Details from the national Association of realtors

• 4.4-month supply: Unsold housing inventory, up from 4.2 months in March and 4.3 months a year ago.
• $417,700: Median existing-home price for all housing types in April.
• Median price increased 0.9% from $414,000 a year ago.
• April marked the 34th consecutive month of year-over-year home price increases.
• 110.6: Housing Affordability Index in April, up from 101.4 a year ago.
• Housing affordability improved in all regions year-over-year:
  • Northeast: +4.7%
  • Midwest: +5.9%
  • South: +9.6%
  • West: +12.5%

• Single-family home sales: Unchanged month-over-month in April at a seasonally adjusted annual rate of 3.64 million.
• Single-family sales were down 0.3% from April 2025.
• $422,300: Median single-family home price, up 1.0% from last year.
• Condominium and co-op sales: Increased 2.7% month-over-month to a seasonally adjusted annual rate of 380,000.
• Condo and co-op sales were up 2.7% from a year ago.
• $374,100: Median condo/co-op price, up 1.1% from April 2025.
• Northeast:
  • Sales unchanged month-over-month at an annual rate of 450,000.
  • Sales down 8.2% year-over-year.
  • $510,800: Median price, up 4.8% from April 2025.
• Midwest:
  • Sales increased 2.2% month-over-month to an annual rate of 950,000.
  • Sales down 1.0% year-over-year.
  • $324,500: Median price, up 3.6% from April 2025.
• South:
  • Sales increased 0.5% month-over-month to an annual rate of 1.87 million.
  • Sales up 2.7% year-over-year.
  • $366,600: Median price, up 0.4% from April 2025.
• West:
  • Sales decreased 2.6% month-over-month to an annual rate of 750,000.
  • Sales unchanged from last year.
  • $619,600: Median price, down 1.4% from April 2025.
• 32 days: Median time on market in April, down from 41 days in March but up from 29 days a year ago.
• 33%: Share of sales to first-time homebuyers, up from 32% in March but down from 34% one year ago.
• 25%: Share of transactions that were cash sales, down from 27% last month and unchanged from a year ago.
• 16%: Share of transactions from individual investors or second-home buyers, down from 18% last month and up slightly from 15% a year ago.
• 2%: Distressed sales (foreclosures and short sales), unchanged from last month and last year.
• 6.33%: Average 30-year fixed mortgage rate in April, according to Freddie Mac.
• Mortgage rates were up from 6.18% in March but down from 6.73% one year

From NAR Chief Economis Dr Lawrence Yun:

“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. Mortgage rates are lower from a year ago, and average income growth is outpacing home price gains.

Inventory still remains tight. 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.”