Redfin Reports U.S. Home Prices Hit All-Time High, Driven in Part By Big Upticks in San Francisco and West Palm Beach
Redfin, part of Rocket Companies, reported that the median U.S. home-sale price hit an all-time high of $408,776 in June, rising 2.2% year over year. Existing-home sales increased to a seasonally adjusted annual rate of roughly 4.4 million, the highest level since late 2022, while pending sales reached their second-highest level since 2023.
Key figures
- Homes sold
- 302606
- New listings
- 376762
- Active listings
- 1496490
- Median sale price
- 408776
- Pending home sales
- 349254
- Median sale price yoy
- 2.2%
- Pending home sales yoy
- 4.5%
- Existing home sales yoy
- 4.2%
- Existing home sales saar
- 4397321
- Average 30yr mortgage rate
- 6.49%
AI analysis
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