Home Prices, Housing Demand Rise in April -- Market Talk

Dow Jones05-12

1011 ET - The median U.S. home sale price rose 2.4% year over year, Redfin says. That's the biggest increase since March 2025. April's jobs report showed stronger-than-expected hiring, reducing recession risk. This likely helped fuel a pop in housing demand. Pending home sales rose 2% from the month before. New listings climbed 2.7% month over month to the highest level since July 2022. The typical home that went under contract in April did so in 49 days, one day faster than a month earlier. But homes still take longer to sell than they did a year ago, and sales and listings remain below pre-pandemic levels. Roughly three of every five homes that sold in April went for less than their original list price. (chris.wack@wsj.com)

(END) Dow Jones Newswires

May 12, 2026 10:11 ET (14:11 GMT)

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