May 2026-Median Sales Price Increase

Queensbury, NY- 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, were 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.

New Listings decreased 2.3 percent to 604. Pending Sales increased 1.5 percent to 400. Inventory decreased 3.7 percent to 927.

Median Sales Price increased 4.8 percent from $412,000 to $431,619. Days on Market increased 6.9 percent to 31. Months Supply of Inventory decreased 3.4 percent to 2.8.

National inventory climbed 5.8% month-over-month and 1.4% year-overyear, 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.

Residential activity in the counties of Essex, Hamilton, Saratoga, Warren, and Washington is composed of single-family properties, townhomes, and condominiums combined.  Percent changes are calculated using rounded figures.