April Realtor.com Listings Rise 1.1% Year-Over-Year as Prices Fall
NWS•New listings on Realtor.com climbed 1.1% year over year in April, with 477,116 homes hitting the market and active listings rising 4.6% to 1,002,935 units. The national median list price fell 1.4% year over year to $425,000 as the share of price reductions declined to 16.7%.
1. New Listings Growth
April saw 477,116 new listings, up 1.1% year over year and 8.7% month over month. Growth was strongest in the Northeast (+9.4%) and Midwest (+6.6%), while the South (+0.6%) and West (-3.5%) showed more modest changes.
2. Median Price Trends
The national median list price reached $425,000, a 1.4% decline year over year but a 2.3% rebound from March. Price per square foot slipped 2.4% to $227, extending annual declines for the ninth month.
3. Seller Pricing Behavior
The share of active listings with price reductions fell to 16.7%, down 1.2 percentage points year over year. This drop suggests sellers are setting more realistic expectations before listing rather than cutting prices post-listing.
4. Inventory and Mortgage Rates
Active inventory rose 4.6% year over year to 1,002,935 units, narrowing the pre-pandemic deficit to 11.8% below 2017–2019 levels. Mortgage rates eased from a 6.46% peak to below 6.30%, supporting a rebound in buyer applications.
