The 3.8% month-over-month gain was almost four times what industry observers were expecting. 

Paint color had the power to enhance value — and tank it.

Inventory rose 3.3% month over month and 0.6% year over year to 1.55 million homes, which equals a 4.5-month supply of unsold inventory, NAR said. 

Nationwide, it takes six years to break even on homeownership, down from an all-time high of 8.4 years in 2023.

Amid what Realtor.com called the most active spring in years, the housing market is finding a new equilibrium.

Looking ahead, Cotality expects home prices to rise 5.3% between April 2026 and April 2027. 

The median sales price of new homes sold in April rose 8% to $422,500 from $391,100 in March, the U.S. Census Bureau and the Department of Housing and Urban Development reported.

Home prices continued to rise in March, but the rate of increase slowed yet again, according to the latest S&P Cotality Case-Shiller Home Price Index. 

Redfin reports there were about 46.5% more sellers than buyers in April 2026, down from 47.5% in March and 48.9% in December 2025.

Houzz compared first quarter user activity to year-ago levels to determine the emerging home trends for summer 2026. Here’s what they found.

Despite a monthly decline, the rate of new-home construction still came in above consensus estimates. 

Single-family home sales rose 8.6% from 950 to 1,032, while condominium sales climbed 2.8% from 1,005 to 1,033, MIAMI REALTORS® + RWorld said. 

Among the top 50 metro areas, Boston and Miami led the pack. 

Home prices increased in 71% of U.S. metro areas in the first quarter of 2026, according to the National Association of REALTORS®. 

The median-existing sales price for all housing types rose 0.9% year over year to $417,700, its 34th consecutive increase. 

Luxury spaces that focus on well-being, comfort and personal meaning are shaping everything in the home, from material selection and layout to color, light and more.