US Existing-Home Sales Edge Higher in April

On Monday, the National Association of Realtors (NAR) reported that total existing-home sales—completed transactions for single-family homes, townhomes, condominiums, and co-ops—rose 0.2% in April to a seasonally adjusted annual rate (SAAR) of 4.02 million. Year-over-year, sales were unchanged.

By region, sales increased month-over-month in the Midwest and South, were unchanged in the Northeast, and declined in the West. Compared to a year earlier, sales rose in the South, were flat in the West, and declined in both the Northeast and Midwest.

Total housing inventory at the end of April was 1.47 million units, up 5.8% from March and up 1.4% from April 2025. At the current sales pace, unsold inventory sits at a 4.4-month supply, up from 4.2 months in March and unchanged from April 2025.

The median existing-home price for all housing types was $417,700 in April, a 0.9% increase from $414,000 a year earlier. This marked the 34th consecutive month of year-over-year price gains.

The NAR Housing Affordability Index rose to 110.6 in April from 101.4 in April 2025. Year-over-year affordability improved across all regions, increasing 4.7% in the Northeast, 5.9% in the Midwest, 9.6% in the South, and 12.5% in the West.