Home sales during May were up for the fourth consecutive month in May with a 7.9% increase from April. However, the latest REMAX National Housing Report also noted that sales dipped 0.5% from one year earlier.
Across the 51 metro areas surveyed for the report, overall inventory increased 8.4% from April and 2.0% from May 2025. The annual gain marks the 29th consecutive month of year-over-year inventory growth dating back to January 2024. However, the report also pointed out that growth is now measured in single-digit increases compared to the double-digit gains seen throughout 2025.
New listings in May were down 3.3% month-over-month and down 8.4% year-over-year, extending a seven-month streak of annual decreases dating to November 2025.
Homes sold in an average of 42 days, three days fewer than in April but two days longer than one year ago. The months’ supply of inventory was 2.5 months, up from 2.3 in April and unchanged from May 2025.
Last month’s $450,000 median sales price in May was a 1.1% uptick, or $5,000 from April and a 1.4% rise, or $6,000, from May 2025. The close-to-list price ratio of 99%, unchanged from both the prior month and one year ago.
“The housing market was finding its footing this spring, with steady month-over-month sales gains showing that buyers are still engaged,” said Chris Lim, REMAX president and chief growth officer. “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.”
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