April Home Prices and Mortgage Rates Continue to Climb [Infographic]

Highlights

• Home inventory is beginning to catch up with last year; however, homebuyers are still contending with fewer homes for sale.
• The number of homes for sale in April is comparable to this time last year, but the number is still fewer than what was typical before the pandemic.
• April home sales were fast-paced, with a median home asking price of $425,000, a new high.
• The time a home remains on the market (34 days) is a new low.