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- The median U.S. home sale price rose 2.4% year over year\u2014the largest gain since March 2025<\/i><\/li>\n
- Pending home sales reached the highest level since 2023 as the labor market stabilized<\/i><\/li>\n
- Sellers came off the sidelines, too, with active listings hitting the highest level since 2020.<\/i><\/li>\n<\/ul>\n
SEATTLE–(BUSINESS WIRE<\/a>)–
\nThe median U.S. home sale price rose 2.4% year over year\u2014the biggest increase since March 2025\u2014as house hunters came off the sidelines amid a stabilizing job market. That\u2019s according to a new report<\/a> from Redfin<\/a>, the real estate brokerage powered by Rocket.<\/p>\n\nThe April jobs report showed<\/a> stronger-than-expected hiring, reducing recession risk. This likely helped fuel a pop in housing demand. Pending home sales hit the highest level since February 2023 last month, rising 2% from the month before\u2014the largest increase since March 2025.<\/p>\n
\nExisting home sales climbed to a seasonally adjusted annual rate of 4.33 million\u2014the highest level since February 2023. Note, all figures in the report are seasonally adjusted, with the exception of median sale price data and mortgage rate data.<\/p>\n
\n“Homebuyer demand increased significantly at the end of March following a relatively quiet period in January and February. This is the first time post pandemic I\u2019ve felt the frenzy and comeback of a true spring market,\u201d said Dawn Kane<\/a>, a Redfin Premier<\/a> real estate agent who splits her time between Maryland and Pennsylvania. “Still, sellers must maintain realistic pricing strategies. Market data and buyer activity indicate that overpriced homes remain on the market longer, while competitively priced properties sell more quickly and efficiently, often receiving multiple offers.”<\/p>\n
\nPlease note that April marks the first release under Redfin\u2019s updated monthly housing data methodology. Previously, national counts such as active listings were based on a sample of representative counties scaled upward to approximate the total size of the U.S. housing market. Redfin has since removed that scaling in favor of direct aggregation across 3,000+ counties. See Redfin\u2019s new and improved Data Center<\/a> for a more detailed methodology<\/a>. Moving forward, monthly data will now be published roughly a week earlier than before.<\/p>\n
Sellers Also Moved Off the Sidelines in April<\/b><\/p>\n
\nActive listings of U.S. homes for sale last month hit the highest level since March 2020, rising 1.3% from a month earlier\u2014the largest increase in a year. New listings climbed 2.7% month over month to the highest level since July 2022.<\/p>\n
Homes Are Selling Faster for the First Time Since 2024<\/b><\/p>\n
\nThe typical home that went under contract in April did so in 49 days, one day faster than a month earlier. That marks the second month in a row in which homes sold faster than they did during the prior month. The last time home-selling speed was increasing on a month-over-month basis was July 2024.<\/p>\n
\nIt\u2019s worth noting that while the housing market has been heating up, it\u2019s still more sluggish than it was in recent years. Selling speed is increasing on a monthly basis, but homes still take longer to sell than they did a year ago, and sales and listings remain below pre-pandemic levels.<\/p>\n
Buyers Discounts May Have Peaked<\/b><\/p>\n
\nRoughly three of every five (60.5%) homes that sold in April went for less than their original list price. This share has now been declining for six consecutive months.<\/p>\n
\nHomebuyers have been scoring large discounts<\/a> in recent years because it\u2019s a buyer\u2019s market and they have negotiating power given they are far outnumbered by sellers. But these discounts are likely getting harder to come by for two reasons: 1) Homebuyer demand is growing, and 2) sellers are increasingly pricing their homes more competitively, reducing the need to offer discounts. The median new list price rose just 0.9% year over year in April, less than half the gain of the median sale price. List prices are more of a leading indicator than sale prices because they reflect how sellers are thinking about pricing now as opposed to how they were thinking about pricing several months ago.<\/p>\n
April 2026 Housing Market Highlights: United States<\/b><\/p>\n
- Pending home sales reached the highest level since 2023 as the labor market stabilized<\/i><\/li>\n
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