Current Market Data
The median sales price of a home hit an all-time high of $440,600.
Looking ahead, Cotality expects home prices to rise 4.8% between May 2026 and May 2027.
Nationally, the median list price slipped 2.4%, marking the eighth month in a row of declines.
The uptick was driven by a slight dip in mortgage rates.
S&P Dow Jones Indices noted that inflation outpaced national home-price appreciation for the 11th month in a row.
With demand driving prices skyward, researchers decided to compare FIFA World Cup ticket costs to another expensive commodity — housing.
Home sales in the 51 metro areas surveyed by REMAX rose 7.9% month over month and slid 0.5% year over year.
The increase was driven by refinancing activity as purchase applications dipped.
Existing-home sales and the median home price are forecast to rise 4% this year, according to the National Association of REALTORS® Chief Economist Lawrence Yun.
Starter homes now cost $1 million or more in a record 242 cities, up from just 80 in 2020, according to a Zillow analysis.
The 3.8% month-over-month gain was almost four times what industry observers were expecting.
Paint color has the power to enhance value — or 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.
