Real Estate Market Report (April)

May 18, 2026 - 04:21

The latest real estate data for the Highlands reveals a market that is recalibrating after a busy start to the year. April home sales dipped slightly compared to the same month last year, with 142 transactions closing versus 158 in April 2023. However, the number of new listings entering the market jumped by 12 percent, giving buyers more options than they have seen in several months.

The increase in supply is starting to cool the rapid price growth. The median sale price for a single-family home in April was $485,000, up just 2.1 percent year-over-year. That is a significant slowdown from the 8 percent gains recorded in the first quarter. Condos and townhomes saw a similar trend, with the median price holding steady at $312,000.

Real estate agents note that homes are staying on the market a bit longer. The average days on market stretched to 34 days in April, compared to 27 days in March. Sellers who price aggressively are still seeing multiple offers, but properties with inflated asking prices are now sitting. "We are moving from a frenzy to a more balanced market," said one local agent. "Buyers are taking their time and negotiating harder."

Inventory remains below pre-pandemic levels, but the recent uptick in listings is a welcome sign for those who have been struggling to find a home. Mortgage rates hovering near seven percent continue to impact affordability, keeping some first-time buyers on the sidelines. For now, the Highlands market appears to be settling into a slower, more sustainable pace heading into the summer months.