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

May’s priciest Seattle-area home sale was a lakefront midcentury mansion on Mercer Island.

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. 

This month, we’re sharing the 10 most expensive new listings for sale in Cle Elum.

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. 

Redfin reports there were about 46.5% more sellers than buyers in April 2026, down from 47.5% in March and 48.9% in December 2025.

Despite a monthly decline, the rate of new-home construction still came in above consensus estimates. 

Among the top 50 metro areas, Boston and Miami led the pack. 

A home that once belonged to Kenny G was the most expensive sale in April, selling for $38 million.

The median-existing sales price for all housing types rose 0.9% year over year to $417,700, its 34th consecutive increase. 

Nationally, home sales in the 50 metro areas surveyed by REMAX posted their largest monthly gain in three years, increasing 31.6%. 

Brokers from Compass are responsible for more than half of the 10 most expensive new listings in Seattle.