New listings outpaced home sales in April as inventory increased
Home sales increased in April, but the number of new listings outpaced demand, creating more available inventory and continuing a shift toward a more balanced housing market.
Typical for the spring selling season, April home sales grew 7.6% over March, while new listings increased 10.5% during the month. Across the 51 metro areas surveyed, year-over-year activity was largely unchanged, with sales up just 0.1% and new listings down 1.3%.
The number of homes for sale grew 4.5% over March 2026 and 2.0% year over year. The median sales price increased 1.5% to $445,000 – the 34th consecutive month of year-over-year price appreciation.
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