Key Insights
Existing home sales increased by 3.2% in May 2026, reaching a seasonally adjusted annual rate of 4.17 million units, the fastest pace since December 2025.
The median sales price for existing homes in May 2026 was $429,300, marking the highest level for any May since 1999.
Despite rising mortgage rates and home prices, demand remains robust, with first-time buyers comprising 35% of the market, the largest share since June 2020.
AI Analysis
The housing market is likely to remain strong in the near term, with existing home sales and prices continuing to rise due to sustained demand and lim...
Market Outlook
Short-Term
In the next 1-3 months, the housing market is expected to maintain its upward trajectory, with sales and prices continuing to rise due to sustained demand and limited inventory.
Long-Term
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