Existing-home sales hit highest level since December

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1. Texas cities among the strongest buyers’ markets

There were an estimated 46.9% more sellers than buyers in May, up from 46.4% in April. Approximately 1,483,839 sellers were active in the market, the highest level since 2020, compared to about 1,010,386 buyers, according to a Redfin report.

Texas accounted for three of the five strongest buyers’ markets, with Austin ranking third at 116% more sellers than buyers, followed by Houston (111%) and San Antonio (108%).

2. Existing-home sales hit highest level since December

Existing-home sales jumped 3.2% month-over-month in May to a seasonally adjusted annual rate of 4.17 million units, according to the NAR. This is up 3.2% from a year ago and marks the highest level since December.

Key takeaways:

• The median existing-home price reached $429,300, up 1.3% year over year and marking the 35th consecutive month of annual price increases.

• Inventory rose 3.3% from April to 1.55 million units, representing a 4.5-month supply.

• First-time homebuyers accounted for 35% of sales in May, up from 33% in April and 30% a year ago.

• Properties spent a median of 29 days on the market, down from 32 days in April.

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3. Catch up quick

🏀 The San Antonio Spurs blew a 29-point lead to the New York Knicks last night to lose Game 4 of the NBA Finals 107-106. (NYT)

📈 Inflation hits 4.2% in May, the highest in over 3 years. (Forbes)

🎟️ Texas AG Ken Paxton is investigating FIFA's ticket sale tactics. (USAToday)

🏠 Austin ranks No. 2 for homebuying boom. (Homes.com)

🚨 Silver Star files for Chapter 11 bankruptcy for the 2nd time in four years. (Bisnow)

4. AI can rank your neighborhood's upside potential

ATTOM has launched ResiScore, an AI-powered neighborhood intelligence tool that ranks residential areas based on projected housing market performance. It is built on technology from ResiShares, which ATTOM acquired in January 2026.

ResiScore assigns each residential census tract a percentile ranking from 1 to 100 within its metropolitan area, based on expected home price appreciation over a 24-month horizon.

The platform is designed to support investment targeting, lending decisions, portfolio risk assessment, site selection, and broader market analysis.

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5. Texas leads the nation in foreclosure starts

According to an ATTOM report, 40,355 properties had foreclosure filings in May—including default notices, scheduled auctions, or bank repossessions. That’s down 5% from April but up 14% year over year.

Key takeaways:

• Lenders initiated the foreclosure process on 27,304 properties in May 2026.

• Texas led the nation with 3,590 foreclosure starts.

• Lenders repossessed 4,092 properties through completed foreclosures (REOs).

• Texas also recorded the highest number of REOs at 519, with Houston (112) and Dallas (88) among the leading major metros.

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