Saddle Brook, NJ — July 1, 2026 — U.S. existing-home sales edged up 0.2% from the previous month to a seasonally adjusted annual rate of 4.02 million, according to the National Association of REALTORS® (NAR). Sales remained unchanged year-over-year. Regionally, existing-home sales rose in the Midwest and South, flat in the Northeast, and declined in the West. Year-over-year, sales increased in the South, held steady in the West, and fell in the Northeast and Midwest. 

"The May 2026 Monthly Indicators Report reflects a housing market that continues to demonstrate resilience despite ongoing economic uncertainty and inventory challenges. While closed sales declined across several property categories compared to last year, we are seeing encouraging signs as the number of homes available for sale increased by 10.3% and median sales prices rose 5.9% year-over-year,” said 2026 Greater Bergen REALTORS® President, Jim Arakelian. “In our Greater Bergen communities, well-priced homes continue to attract strong buyer interest, underscoring the enduring demand for homeownership in our region. As inventory gradually improves, both buyers and sellers are finding new opportunities in the marketplace. I encourage our members to remain informed, educated, and engaged as market conditions evolve. Your expertise and professionalism continue to guide consumers through an ever-changing real estate landscape, and I am proud of the vital role Greater Bergen REALTORS® play in supporting homeownership and strengthening our communities.” 

National inventory climbed 5.8% month-over-month and 1.4% year-over-year, with approximately 1.47 million properties listed for sale heading into May, NAR reported. At the current sales pace, that represents a 4.4-month supply, reflecting a modest improvement in inventory conditions compared to a year earlier. Homes spent a median of 32 days on the market, down from 41 days the previous month, while the median existing-home price increased to $417,700, up 0.9% from a year ago. 

Highlights From May 2026 Report 

• Single Family Closed Sales decreased 7.7 percent to 346. 

• Townhouse-Condo Closed Sales decreased 23.4 percent to 151. 

• Adult Communities Closed Sales decreased 16.7 percent to 5. 

• Single Family Median Sales Price was up 10.3 percent to $900,000. 

• Townhouse-Condo Median Sales Price was up 18.3 percent to $562,000.  

• Adult Communities Median Sales Price was down 52.3 percent to $330,000. 

Click Here for the full ShowingTime Report for the month of May 2026