May's National Housing Report showed home sales rising as new listings slowed. Sales climbed for the fourth straight month, inventory grew both month over month and year over year, and the national median price hit $450,000 for the 35th consecutive month of annual price appreciation.
Home Sales Climbed
Browse Listings
Market Trends
New Listings
Home Inventory
Home Sales
Median Sales Price
7.9%
0.5%
Month-over-month
Year-over-year
The number of homes for sale in May 2026 increased by 2.0% year over year and was up 8.4% month over month.
Home Sales Were Up and Down
A Deeper Dive
Home Sales: 3 Markets with the Biggest Year Over Year Increase
101.7
%
107.0
%
San Francisco, CA was up to 107.0% from 103.7% in May 2025
Buyers paid 99% of the asking price, unchanged from April 2026 and in line with May 2025.
%
0
10
20
30
40
50
60
99
What the Report Means For You
May's National Housing Report is here, and the market showed momentum for buyers and sellers. Home sales rose for the fourth straight month, inventory kept growing, and prices held firm at $450,000. Whether you are buying or selling, the data rewards preparation and accurate pricing. Here are the highlights you need to know.
National Housing Report Quiz
Close-to-List Price Ratio
“The housing market was finding its footing this spring, with steady month-over-month sales gains showing that buyers are still engaged. At the same time, the slowdown in new listings limited inventory growth. That’s keeping conditions competitive in many markets, even as price growth remains relatively moderate. For buyers and sellers alike, this is a market where timing and expert guidance matter more than ever.”
- REMAX President, Chris Lim
Home sales were down an average of 0.5% compared to May 2025 and up 7.9% compared to April 2026.
When the number is above 100%, the home closed for more than the list price. If it’s less than 100%, the home sold for less than the list price.
Manchester, NH was at 101.7% which was down from 102.3% in May 2025
104.9
%
Hartford, CT was even from May 2025, showing no change
102.2
%
Richmond, VA was up to 102.2%, from 101.3% from May 2025
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Year-over-year
Month-over-month
1.4%
1.1%
Year-over-year
Month-over-month
2.0%
8.4%
Year-over-year
8.4%
3.3%
Month-over-month
+
Baltimore, MD
May 2026: 4,360
May 2025: 6,412
-32.0%
In May 2026, new home listings dipped 8.4% year-over-year and were down 3.3% from last month.
New Listings: 3 Markets with the Biggest Year Over Year Decrease
Top Trends
Regional Highlights
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National Housing Report Recap
This Month's U.S. Home Prices and Sales Recap
Home sales were up 7.9% from last month but down 0.5% from last year, reflecting a market that stayed close to flat on an annual basis.
Inventory was Up
Home Prices Were Up
Median sales price reached $450,000, up 1.4% from a year ago. Month over month, prices were also up 1.1%.
Among the surveyed metros, new listings were down 3.3% month over month. Year over year, listings slipped 8.4%.
New Listings Were Up and Down
+
Dover, DE
May 2026: 274
May 2025: 452
-39.4%
+
Washington D.C.
May 2026: 9,826
May 2025: 14,531
-32.4%
+
Manchester, NH
May 2026: 416
May 2025: 352
+18.2%
+
Washington, D.C.
May 2026: 7,047
May 2025: 6,505
+
Omaha, NE
In May 2026, the median sales price was $450,000, up 1.4% from May 2025 and up 1.1% compared to April 2026.
Median Sale Price: 3 Markets with the Biggest Year Over Year Increase
+
Dover, DE
May 2026: $367,450
May 2025: $339,950
+8.1%
+
St. Louis, MO
+
Hartford, CT
Homes averaged 42 days on market in May 2026, down 2 days YoY and down 3 days from April 2026.
Days on Market: 3 Markets with the Biggest Increase of Days on Market
+
San Antonio, TX
+
Miami, FL
+
Phoenix, AZ
+8.3%
May 2026: 1,223
May 2025: 352
+8.7%
May 2026: $307,250
May 2025: $288,250
May 2026: $410,000
May 2025: $385,000
+6.6%
+6.5%
May 2026: 83 days
May 2025: 76 days
+8.6%
May 2026: 78 days
May 2025: 74 days
May 2026: 71 days
May 2025: 68 days
+5.1%
+4.5%
Housing Report Snapshot:
Median sales price was $450,000, up 1.4% year over year and up 1.1% from April.
New listings were down 8.4% year over year and down 3.3% month over month.
Sellers accepted 99% of the asking price, unchanged from April and in line with May 2025
Homes sold in an average of 42 days, down 3 days from April but up 2 days from a year ago.
Home Sales
Home Inventory
Median Sales Price
New Listings
