April 24, 2026 Economic and Housing Market Update

April 24, 2026

Overview

The Realtor.com® economics team video update gives you the relevant economic and real estate information you need to know each week, every Friday, to navigate the housing market as a homebuyer, home seller, or industry professional.
For the week ending April 24, Realtor.com® Chief Economist Danielle Hale discusses the latest mortgage rate data as it enters the third week of easing after initially climbing to nearly 6.5%.
She then covers the Best Time to Sell, noting that while the national peak has passed, seller conditions remain favorable, with several Sun Belt markets hitting their prime selling window now or in the coming weeks.
The latest weekly housing data from Realtor.com, show new listings are recovering from the spring holiday dip and trending well above their slow start to the year, alongside a modest rise in active inventory. Danielle also highlights that the Realtor.com Market Clock illustrates the wide range of local market conditions across the country even as the national picture remains relatively balanced.
Finally, Danielle covers the March NAR pending home sales report, which showed a modest national uptick but uneven results across regions. She also discusses the first-ever Realtor.com Land Price Estimates Study, revealing that land listings remain far below pre-pandemic levels while prices have surged. And lastly, the Realtor.com Luxury Outlook for 2026, which points to market normalization, along with a spotlight on Hailey, Idaho as an example of an amenity-rich haven poised to outperform.
Find all the details, including full reports and our housing data for download at realtor.com/research. You can also follow us on X (formerly Twitter) for real-time updates. And Instagram @realtordotcomecon for graphics.

Reports and articles referenced

Housing data for download:

VIDEO TRANSCRIPT:

The seasonal best time to sell a home is right now, but recent data highlights a mix of optimism and tough realities for both buyers and sellers in this spring season. I’m Danielle Hale, Chief Economist at Realtor.com ®, with what you need to know this week.
Existing home sales in March dropped from both February and the prior year. Mortgage rates hit their lowest level in years in late February, which should have provided a nice boost for home sales in March, but that wasn’t what the data showed. On the positive side, February home sales data was revised slightly higher, and the median home sales price edged up to $408,800.
Another good news story this week was mortgage rates, which dropped to 6.30%. Mortgage rates had climbed consistently in March from just below 6% to nearly 6.5% before easing in the last two weeks. Even so, mortgage rates remain more than half a percentage point lower than they were at this time last year, which should help home sales this spring, especially if a resolution to the conflict in the Middle East helps rates fall further.
For now, the gap between interest rates on outstanding mortgages and today’s market rates remains quite high, even as it is slowly eroding. Data show that at the end of 2025, monthly payments on outstanding mortgages topped $2,000 for the first time, even as payments for the typical for-sale home have been above this mark since September 2022. The report also reveals how lock-in is changing how long households keep a mortgage. Usually, half of mortgages are 4 years old or less, but for the first time ever, it’s less than a third.
That underscores how different the current housing market is. But some things remain the same. Spring is still a good time to sell and this week, in fact, is the Best Time to Sell in 2026 for the U.S. and 12 major markets. Next week, conditions are still pretty favorable nationwide and are ideal for sellers in a handful of markets including both Orlando and Tampa, Florida.
We recently released our Spring Seller Survey which shows that even as sellers expect to get full price offers, a greater share are expecting to have to make a concession to get to the closing table. Fully 60% of prospective sellers say the housing market is either balanced or favors buyers compared with just 40% who expect that it favors sellers, and regional variation aligns with findings from the inaugural Realtor.com Market Clock Report which found that the housing market is more fragmented than it has been in years.
Realtor.com Housing Data show that sellers are actively engaged with the number of new listings last week rising to its highest level in nearly a year. Meanwhile, asking prices remained just behind their year-ago level.
The Realtor.com March 2026 Rental Report shows that for many would-be buyers, the short-term math favors renting in all of the 50 largest U.S. metros, with renters spending an average $920 less per month compared to buying a starter home. But in some markets, including my home market of Washington, DC the gap in the cost to rent or buy is closing, which is setting up a decent opportunity to buy. In the meanwhile, a lower monthly rental cost as rents once again dip, can be the perfect opportunity to stash away cash for a future down payment.
You can find all the details including the Market Clock, full reports and our housing data for download, at realtor.com/research. You can also follow us on X (formerly twitter) for real time updates. And instagram for graphics.