April 2026 STATS Report

The biggest takeaway from April’s data is that closed sales finally showed real traction. ARMLS recorded its highest April closing count in the last four years, with sales up about 4% compared to April 2025. There were the same number of business days in both months, so the year-over-year increase reflects a true pickup in closings rather than extra time on the calendar.

The escrow fallout rate also improved from about 6% last April to around 5% this year, getting closer to the typical level of about 4% for this time of year.

On the supply side, inventory is no longer building the way it was in prior years. Active inventory declined almost 3% year over year, marking the first April decline after four straight years of increases. At the same time, the median active list price fell 3%, indicating more price reductions across the market as sellers work to align with current buyer demand.

COMMENTARY by Paridhi Saboo