The nationwide level of new listings during April increased by 8.7% from the previous month and was up by 1.1% from one year earlier, according to new data from Realtor.com.
The expanded quantity of new listings was greatest in the Northeast (up 9.4% from April 2025) year) and Midwest (up 6.6%). In comparison, there was a much lighter increase of new listings in the South (up 0.6%) while the West posted a 3.5% decline from one year ago. Active listings rose 4.6% year-over-year to just over 1 million in April.
As the number of listings increased, median list prices fell for the sixth straight month. The $425,000 national median list price in April was down 1.4% year-over-year, although it was up 2.3% from March. Price per square foot, which accounts for the changing size mix of homes on the market, fell 2.4% year over year to $227.
Year-over-year median list price declines were recorded across all four major regions, ranging from -3.1% in the West to -0.1% in the Midwest. The share of active listings with a price reduction declined 1.2 percentage points year-over-year to 16.7%.
“Compared to last year, 2026 has seen both fewer price cuts and lower median list prices,” said Jake Krimmel, senior economist at Realtor.com. “That combination suggests sellers have internalized the generally more buyer-friendly market conditions and are adjusting price expectations before listing rather than after. This is a meaningful behavioral shift.”
“It’s too early to declare the spring housing market has weathered the storm, but there’s renewed reason for cautious optimism,” added Krimmel. “The leading indicators that would signal trouble — seller pullback, spiking cancellations, surging price cuts — are, if anything, moving in the right direction. New listings are up, contract cancellations are normal, and seller price cuts that can reveal concern are down.”
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