Zillow: Home sales rebound in Southern metros as inventory surges

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  • Zillow analysis showed U.S. existing-home sales rose 2.3% year over year in April 2026, led by Southern markets where inventory has rebounded fastest.
  • Austin posted the strongest annual sales growth at 20%, alongside inventory 52.4% above 2018-2019 levels; homes typically sold in 17 days, near pre-pandemic norms.
  • Inventory has fully recovered in 19 of the 50 largest metros, concentrated in the South and West, supporting stronger transaction volumes where buyers have more choice.
  • National affordability improved modestly, with the typical monthly mortgage payment down 3.4% from a year earlier, while active listings rose 3.7% but remained 18.7% below historical norms.
  • Sales volumes still lag pre-pandemic benchmarks, with April totals down 17.7% versus 2018-2019, alongside inventory down 18.7% and new listings down 16.3%.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zillow Group Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605210800PR_NEWS_USPR_____SF64997) on May 21, 2026, and is solely responsible for the information contained therein.

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