Nationally, home-price growth topped 1% for the first time in 2026.

The seasonally adjusted annual rate of 628,000 homes topped Wall Street’s estimates. 

The triennial survey of 2,000 American residents from the 50 largest metropolitan areas, the National Association of REALTORS® Community and Transportation Preference Survey, found buyers and residents prefer more housing options and communities designed for easy access.

The annual and monthly declines of 0.3% and 5.4%, respectively, do not fully capture the geographic variability of market performance. 

The median sales price of a home hit an all-time high of $440,600. 

Looking ahead, Cotality expects home prices to rise 4.8% between May 2026 and May 2027. 

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. 

The increase was driven by refinancing activity as purchase applications dipped. 

The 3.8% month-over-month gain was almost four times what industry observers were expecting. 

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.