April 2025 Monthly Statistics

U.S. existing-home sales decreased by 5.9% month-over-month and 2.4% year-over-year, reaching a seasonally adjusted annual rate of 4.02 million units, according to the National Association of REALTORS® (NAR). The decline reflects ongoing affordability challenges and economic uncertainty impacting market activity. Sales dropped across all four U.S. regions, with the West experiencing the largest decline at 9.4%.

In terms of inventory activity, new listings decreased by 9.0% for single-family homes but rose by 31.0% for condominium homes. Pending sales were down 17.3% for single-family homes and 9.5% for condominiums. Overall inventory saw a significant increase—52.5% for single-family homes and 69.8% for condos.

The median sales price rose 6.2% to $1,380,000 for single-family homes, while dropping 24.5% to $727,000 for condominium homes. Days on market increased 26.7% for single-family homes and 15.9% for condos. Months supply of inventory also grew—by 75.0% for single-family homes and 125.0% for condominiums.

Total housing inventory increased 8.1% month-over-month, bringing the number of available units to 1.33 million heading into April. This represents a 4.0-month supply at the current sales pace. Despite inventory being up nearly 20% compared to the same time last year, the added supply has had limited impact on home prices nationally, with the median existing-home price climbing 2.7% year-over-year to $403,700.

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