May Market Update
๐ April 2026 Market Overview
๐ Homes Sold
- 3,566 homes sold, which is up 4.79% from April 2025
- 2,615 single-family homes
- 951 condos/townhomes
โก๏ธ Buyer activity strengthened compared to last year, showing a healthy and active spring market.
โณ Median Days on Market
- 34 median days on market
- Down 17.07% from last month
โก๏ธ Homes are selling significantly faster than in March, indicating:
- Stronger buyer demand
- Competitive spring conditions
- Well-priced homes moving quickly
๐ฐ Pricing Trends
- Median price per sq. ft.: $237.75
Single-Family Homes
- Median sold price: $575,000
- Up 0.45% from last April
โก๏ธ Single-family home values continue showing modest appreciation and stability.
Condos / Townhomes
- Median sold price: $410,000
- Down 1.20% from last April
โก๏ธ Condo and townhome pricing softened slightly year-over-year, though values remain relatively stable overall.
๐ฆ Residential Inventory
- 6,284 listings entered in 2026
- Compared to 6,029 listings in 2025
โก๏ธ Inventory increased approximately 4.23% year-over-year, meaning:
- Buyers have more options
- Sellers face slightly more competition
- The market remains balanced despite strong demand
๐ Key Takeaways
๐ข For Buyers
- More inventory provides better selection
- Homes are moving quickly again, so buyers still need to act decisively on strong properties
๐ด For Sellers
- Faster market times and increased sales activity make this a favorable time to sell
- Proper pricing remains critical with rising inventory levels
๐ For Investors
- Single-family homes continue steady appreciation
- Condo pricing softness may present value opportunities
๐ Bottom Line
April 2026 reflects a strong spring housing market:
- Sales activity is increasing
- Homes are selling faster
- Inventory is growing steadily
- Single-family prices continue modest appreciation
โก๏ธ Overall, the market remains healthy, active, and slightly seller-favored, especially in the single-family segment.
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