Current Market Data
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.
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.
