Home Sales Rose for Fourth Straight Month as New Listings Slow
U.S. home sales rose for the fourth consecutive month in May, increasing 7.9% from April, yet remained slightly below last year’s level. Sales dipped 0.5% year over year, reflecting ongoing supply constraints as the number of new listings continued to slow.
Across the 51 metro areas surveyed, overall inventory increased 8.4% from April and 2.0% from May 2025. The annual gain marks the 29th consecutive month of year-over-year inventory growth dating back to January 2024. However, growth has moderated in recent months, with single-digit increases replacing the double-digit gains seen throughout 2025.
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