April 2026
Sales Market
Active Listings: 1,336 (-4.1% YoY)
→ Inventory has shifted below last year’s levels, signaling that the supply expansion seen earlier in the cycle is beginning to normalize.
Median Sold $/SF: $227.12 (-4.0% YoY)
→ Home prices remain below last year, suggesting buyers are still pushing back on pricing despite tighter inventory.
Average Days on Market: 70 (+16.7% YoY)
→ Homes are taking noticeably longer to sell, indicating buyers remain cautious and highly selective.
30-Year Mortgage Rate: 6.35%
→ Mortgage rates improved from March, providing a modest affordability boost heading further into the spring market.
Rental Market
Active Listings: 161 (-8.5% YoY)
→ Rental inventory remains below last year’s levels, creating a tighter supply environment for renters.
Median Rented $/SF: $1.17 (-2.1% YoY)
→ Rental pricing remains slightly below last year, though the decline has moderated compared to earlier months.
Median Days on Market: 31 (+19.2% YoY)
→ Rentals are taking longer to lease than last year, suggesting renter demand remains somewhat cautious despite tighter inventory.
Key Takeaways
- Sales inventory has tightened after earlier supply expansion
- Home prices remain under pressure despite lower available inventory
- Longer selling timelines indicate cautious buyer behavior
- Rental inventory remains lower than last year, supporting healthier supply conditions
- Rental pricing remains soft, though showing signs of stabilization
- Lower mortgage rates compared to March may help improve buyer activity moving into late spring
Overall
Surprise’s April market reflects a tightening but still price-sensitive environment. The sales market is seeing healthier inventory conditions, but buyers remain cautious, with longer selling timelines and continued pricing softness. The rental market also shows tighter supply, though softer rent pricing and slower leasing suggest renter demand has not fully strengthened. Overall, Surprise appears to be improving from a supply standpoint, but affordability remains a major factor shaping market behavior.