Housing Market Prices in 2026: What the Data Actually Shows

The national median existing-home price reached $429,300 in May 2026 with prices rising 1.3% year-over-year, while mortgage rates remained elevated at 6.47% and existing-home sales stayed historically soft despite a 3.2% monthly increase. Regional variations are significant, with the Northeast and Midwest appreciating while Western markets soften due to differences in inventory levels and migration patterns.