2026 Us Housing Market Trends Show Buyers Gaining Ground as Prices Ease

Home sales contracts rose for the third consecutive month in April, with completed sales also increasing despite rising mortgage rates. Price cuts by sellers declined in several markets, indicating sellers are pricing homes closer to buyer expectations. Contract cancellations returned to typical levels, and median list prices per square foot fell. While buyers have slightly more leverage, supply remains tight, and high mortgage rates may soon impact demand.