06/16/2026
Home Sales Post Strongest Pace of 2026
Existing home sales increased for the second straight month in May, rising 3.2% from April to a seasonally adjusted annual rate of 4.17 million homes, their strongest pace since December. Housing inventory also improved, climbing 3.3% month over month to 1.55 million homes and sitting slightly above year-ago levels.
What's the bottom line?
While inventory is growing, the housing market remains undersupplied compared to historical norms. Still, the recent increase in both inventory and sales suggests more buyers are finding opportunities in today's market. NAR Chief Economist Lawrence Yun attributed the momentum to improving affordability, noting that mortgage rates remain lower than they were a year ago and are close to their long-term historical average.
Thank you,
Michelle DeTour
Branch Manager
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18840 SW Boones Ferry Rd, Ste 310
Tualatin, OR 97062
Office # 503-708-3881
Cell # 503-708-3881