U.S. home sales slid 1.4% year over year in April but rose 11.3% month over month, according to the latest RE/MAX National Housing Report. 

The median-sales price was $440,000, up 2.3% year over year and 1.2% month over month. 

The average close-to-list-price ratio was 99%, the same as in March but down from 100% in April 2024. The average days on market for homes sold in April was 40, down four days from March and down six days from a year earlier. 

The number of homes for sale in April rose 33.9% year over year and 2.9% month over month. Months’ supply of inventory inched up to 2.3 months from 2.2 months in March and 1.7 months in April 2024. 

“April’s housing market showed some encouraging growth, with home sales increasing and days on market decreasing compared to March. The uptick in closings was a welcome development,” RE/MAX Holdings CEO Erik Carlson said in a press release. “For-sale inventory increased with plenty of sellers ready to meet demand. However, we still need to see more buyers entering the market.”