May 2026
U.S. existing-home sales edged up 0.2% from the previous month to a seasonally
adjusted annual rate of 4.02 million, according to the National Association of
REALTORS® (NAR). Sales remained unchanged year-over-year. Regionally, existing-
home sales rose in the Midwest and South, were flat in the Northeast, and declined
in the West. Year-over-year, sales increased in the South, held steady in the West,
and fell in the Northeast and Midwest.
New Listings were up 12.5 percent to 1,962. Pending Sales increased 12.2 percent
to 1,483. Inventory grew 30.0 percent to 3,743 units.
Median Sales Price was up 4.2 percent to $295,000. Days on Market increased 4.4
percent to 47 days. Months Supply of Inventory was up 19.2 percent to 3.1 months.
National inventory climbed 5.8% month-over-month and 1.4% year-over-year, with
approximately 1.47 million properties listed for sale heading into May, NAR reported.
At the current sales pace, that represents a 4.4-month supply, reflecting a modest
improvement in inventory conditions compared to a year earlier. Homes spent a
median of 32 days on the market, down from 41 days the previous month, while the
median existing-home price increased to $417,700, up 0.9% from a year ago.
Information courtesy of CMLS*




