US Home Sales Stagnate, Prices Surge
Global News Today | 2 Min News | The Daily News Now!
- Published
- May 12, 2026
- Duration
- 1:43
- Summary source
- description
- Last updated
- May 12, 2026
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Summary
U.S. existing home sales stagnated in April, with a slight 0.2% increase to 4.02 million units, matching last Aprils rate. Median home prices reached a record $417,700, up 0.9% year-over-year. The market has been stuck near the four-million pace since 2023, due to high mortgage rates and a shortage of homes for sale. Inventory edged up to 1.47 million uns…
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U.S. existing home sales stagnated in April, with a slight 0.2% increase to 4.02 million units, matching last Aprils rate. Median home prices reached a record $417,700, up 0.9% year-over-year. The market has been stuck near the four-million pace since 2023, due to high mortgage rates and a shortage of homes for sale. Inventory edged up to 1.47 million unsold homes, but remains below pre-pandemic norms. Homes are lingering longer on the market, and listing prices dipped nationally. No quick fix i
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