Existing home sales rose 7.4% last month compared to April 2025, with the median home price increasing 6.3% to $340,000. Year-to-date sales are up 4.1%, and the median price is up 4.9% to $325,000. Inventory remains low at 3.7 months of supply. New listings grew 5.6% year-over-year, but total listings rose only 0.2% due to strong demand. Mortgage rates fell to 6.33%, while affordability declined slightly.