US existing home 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% the 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.” This article was written by Greg Michalowski at investinglive.com.