OneKey MLS April prices rise as pending sales jump

By AI, Created 5:02 PM UTC, May 18, 2026, /AGP/ – OneKey MLS said April 2026 home prices rose across the New York metro area even as closed sales fell, signaling a market with firm demand and tighter supply. Pending sales and new listings both increased, pointing to stronger buyer activity heading into summer.

Why it matters: - Home prices across the OneKey MLS region continued to climb even as closed sales declined, showing demand is still supporting the market. - Higher pending sales suggest more transactions may close in the coming months. - Inventory remains below a balanced level, which keeps pressure on prices.

What happened: - OneKey MLS released its April 2026 Monthly Indicators Report for residential real estate in Bronx, Dutchess, Manhattan, Nassau, Orange, Putnam, Queens, Rockland, Suffolk, Sullivan and Westchester counties. - The median sales price rose 5.4% year over year to $680,000. - Closed sales fell 8.7% to 3,077. - Pending sales increased 9.1% to 4,692. - New listings rose 10.1% to 7,653.

The details: - Single-family home median prices rose 5.7% to $760,000. - Condo median prices climbed 9.0% to $545,000. - Co-op median prices fell 3.0% to $290,000. - Single-family closed sales declined 9.2%. - Condo closed sales fell 7.1%. - Co-op closed sales dropped 7.9%. - Single-family pending sales rose 7.6%. - Condo pending sales jumped 16.4%. - Co-op pending sales increased 10.5%. - Total inventory edged down 1.7% to 15,238 homes. - Months supply held at 3.8, below the six-month threshold often used to define balance. - OneKey MLS said the rise in new listings gives buyers more summer options. - Richard Haggerty, CEO of OneKey MLS, said sellers who price well are still getting close to asking price.

Between the lines: - The market looks more constrained by supply than by demand. - Price resilience in the New York metro area remains stronger than the national market. - The report suggests buyers are re-entering the market even as sales closings lag, which can happen when financing, timing or contract pipelines delay completed deals. - Nationally, existing-home sales fell 3.6% month over month and 1.0% year over year to a 3.98 million annual rate, while the U.S. median existing-home price rose 1.4% to $408,800.

What’s next: - More April pending sales could feed into future closed-sale gains if contracts move through to closing. - Higher new-listing volume may improve choices for buyers through the summer. - OneKey MLS said the market fundamentals remain sound. - The full April 2026 Monthly Indicators Report is available in the OneKey MLS market insights center.

The bottom line: - Prices are still rising in the OneKey MLS region, and the jump in pending sales suggests the spring market may be gaining momentum despite fewer closed deals.