Redfin Reports U.S. Home Prices Rose 0.2% in April

Key Terms

seasonally adjusted technical

Seasonally adjusted means that figures have been modified to remove the effects of regular and predictable changes that happen at specific times of the year, such as holidays or weather patterns. This adjustment helps reveal the true underlying trend by making comparisons across different periods more accurate. For investors, it provides a clearer picture of whether economic activity is genuinely improving or declining, without the noise of seasonal fluctuations.

repeat-sales pricing method technical

A repeat-sales pricing method measures price change by tracking the same item or asset each time it is sold, rather than comparing different items sold at different times. Like watching the resale price of the same car over years instead of averaging prices of different cars, it isolates true market movements from differences in quality or features, so investors get a clearer signal of underlying price trends and inflation for that asset class.

home price index technical

A home price index measures how residential property prices change over time for a specific area by tracking the same types of homes or transactions to show a consistent trend. Investors use it like a market thermometer: rising or falling values signal shifts in demand, household wealth, mortgage risk and construction activity, which can affect banks, real estate companies, developers and broader consumer spending.

Montgomery County, PA saw the biggest price gain, followed by Cleveland and Nassau County, NY. The biggest declines were in Oakland, CA, Newark, NJ and Phoenix.

SEATTLE--(BUSINESS WIRE)-- U.S. home prices rose 0.2% month over month in April on a seasonally adjusted basis, and climbed 2.1% year over year. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket.

This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in single-family home prices. The RHPI measures how sale prices of homes have changed since their previous sale—similar to the S&P Cotality Case-Shiller Home Price Indices—but is reported about a month earlier. April data covers the three months ending April 30, 2026.

“An improving labor market is buoying homebuyer demand, which is keeping home price growth afloat. Even though prices are rising, buyers still have bargaining power because they’re outnumbered by sellers,” said Redfin Senior Economist Asad Khan. “If housing demand keeps climbing, sellers may regain some of that power, causing home prices to rise further.”

Home Prices Rose Most in Montgomery County, Fell Most in Oakland

In Montgomery County, PA, home prices climbed 2.5% month over month on a seasonally adjusted basis in April—the biggest increase among the U.S. metropolitan areas Redfin analyzed. Next came Cleveland (2.5%), Nassau County, NY (1.6%), Virginia Beach, VA (1.4%) and Pittsburgh (1.1%).

Redfin analyzed the 50 most populous metros and included in this analysis the 49 with sufficient data (Fort Lauderdale, FL is excluded).

Prices fell from a month earlier in 21 metros. The biggest declines were in Oakland, CA (-1.4%), Newark, NJ (-1.3%), Phoenix (-0.7%), Orlando, FL (-0.6%) and St. Louis (-0.5%).

To view the full report, including charts and metro-level insights, please visit: https://www.redfin.com/news/home-price-index-april-2026

About Redfin

Redfin is a technology-driven real estate company with the country's most-visited real estate brokerage website. As part of Rocket Companies (NYSE: RKT), Redfin is creating an integrated homeownership platform from search to close to make the dream of homeownership more affordable and accessible for everyone. Redfin’s clients can see homes first with on-demand tours, easily apply for a home loan with Rocket Mortgage, and save thousands in fees while working with a top local agent.

You can find more information about Redfin and get the latest housing market data and research at https://www.redfin.com/news. For more information about Rocket Companies, visit https://www.rocketcompanies.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519297236/en/

Contact Redfin Journalist Services:
Kenneth Applewhaite
press@redfin.com

Source: Redfin