U.S. home prices rose 0.2% month over month in April on a seasonally adjusted basis, and climbed 2.1% year over year.
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. Read the full RHPI methodology here.
“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.”