Overview
- Realtor.com’s Spring 2026 report, published Thursday, May 21, shows new listings at their highest level since 2022 and contract signings up 4.5% in April compared with a year earlier.
- The Midwest drove the gains with 21 of the 50 largest metros posting rises in both listings and signings and Kansas City reporting the biggest jump in activity.
- Realtor.com economists say more realistic seller pricing is the key reason buyers who had stayed sidelined are returning to the market.
- Some Sun Belt metros such as Las Vegas and Tampa are cooling while formerly hot markets like Austin are correcting, signaling a regionally uneven rebound.
- Analysts warn the momentum is tentative because mortgage rates remain volatile and Middle East tensions, inflation or tariff moves could reverse early spring gains; May and June will be decisive.