06/10/2026
Real Estate Market 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 decreased 23.7 percent for Single Family homes and 5.4 percent for Condominium homes. Pending Sales decreased 5.5 percent for Single Family homes but increased 31.6 percent for Condominium homes. Inventory increased 1.4 percent for Single Family homes and 1.9 percent for Condominium homes.
Median Sales Price decreased 9.0 percent to $1,174,500 for Single Family homes and 21.7 percent to $597,000 for Condominium homes. Days on Market decreased 8.3 percent for Single Family homes but increased 10.9 percent for Condominium homes. Months Supply of Inventory decreased 1.3 percent for Single Family homes and 8.2 percent for Condominium homes.
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 Realtors Associaion of Maui, Inc.
