Home Prices Increased 5% in November Amid Rapid Decline in Number of Homes For Sale

Home Prices Increased 5% in November Amid Rapid Decline in Number of Homes For Sale

by
Updated on October 6th, 2020

Number of new listings fell 5.9% annually as sales increased 3%

U.S. home-sale prices increased 5.2% year over year in November to a median of $311,600 across the 217 metros Redfin tracks. The increase was the largest since July 2018, when home prices were up 5.6% from a year earlier. Home prices were flat between October and November, which is a bit weak compared to the average 0.7% increase between those months over the past seven years.
“Given that inventory is falling quickly, we’d expect to see even stronger price growth, especially when compared to last year’s soft market,” said Redfin chief economist Daryl Fairweather. “The fact that homes are selling faster indicates that there are buyers ready to pull the trigger and take advantage of low interest rates. If lack of inventory and high demand continues, buyers who take a wait-and-see approach could face less favorable conditions in the spring season like bidding wars and faster price growth.”
Affordable metro areas again saw the biggest home price gains in November. For the fifth month in a row, the nine metro areas with the biggest gains all had median sale prices below the national median, led in November by Camden, NJ (median price $200,000, up 14.3%), Detroit ($140,000, +12.0%) and Bakersfield, CA ($249,999, +11.6%). For the first time in five months, the metro area with the 10th-largest price gains in the nation was one with a median price above the national median: Salt Lake City ($345,000, +9.5%).
For the second month in a row, just one of the 85 largest metro areas Redfin tracks saw a year-over-year decline in the median sale price in November: San Jose, where home prices fell 1.1%. In San Jose, prices were still just barely rising a year ago, up 1.6%.
Year-Over-Year Home Price Gains Increased Again in November

Market Summary November 2019 Month-Over-Month Year-Over-Year
Median sale price $311,600 0.0% 5.2%
Homes sold, seasonally-adjusted 269,300 -0.3% 3.0%
New listings, seasonally-adjusted 305,600 -1.0% -5.9%
All Homes for sale 743,600 -9.3% -12.1%
Median days on market 45 1 -2
Months of supply 3.1 0.1 -0.4
Sold above list 20.7% -0.7% 0.8%
Median Off-Market Redfin Estimate $293,000 -4.4% 2.8%
Average Sale-to-list 97.8% 0.1% 0.4%

Nationwide, home sales increased 3.0% year over year in November, the fourth consecutive month of increases, and were down 0.3% from October on a seasonally-adjusted basis.
The markets with the biggest increases in home sales from a year ago were McAllen, TX (14.7%), Anaheim (10.2%), and Virginia Beach (9.2%).
Home Sales Inched Up Year Over Year in November
The supply of homes for sale fell 12.1% year over year, the biggest decline since April 2013 and the fifth straight month of declines. There were fewer homes for sale last month than in any November since at least 2012 (as far back as our current dataset goes). Just six of the 85 largest metros tracked by Redfin posted a year-over-year increase in inventory, led by Knoxville (+12.0%), El Paso (+5.2%) and Honolulu (+2.6%).
Compared to a year ago, the biggest declines in the number of homes for sale were in Salt Lake City (-50.2%), Tacoma, WA (-42.6%) and San Diego (-38.5%).
Home Supply Fell 12% Year Over Year in November
Homes sold in November spent two fewer days on market compared to the prior year. The typical home that sold in November went under contract in 45 days, compared to 47 days in November 2018.
The share of homes sold above list price increased year over year, coming in at 20.7% in November compared to 19.9% a year earlier.
Homes Sold in November Sold 2 Days Faster Than a Year Earlier
Share of Homes Sold Above List Price Rose Slightly Year Over Year in November

Other November Highlights

Competition

Prices

  • Camden had the nation’s highest price growth, rising 14.3% since last year to $200,000. Detroit had the second highest price growth at 12% year over year, followed by Bakersfield, CA (11.6%), Pittsburgh (11.6%), and Oklahoma City (11.5%).
  • Only one metro saw price declines in November: San Jose (-1.1%).

Sales

Inventory

  • Knoxville had the highest increase in the number of homes for sale, up 12.0% year over year, followed by El Paso (5.2%) and Honolulu (2.6%).
  • Salt Lake City had the largest decrease in overall inventory, falling 50.2% since last November. Tacoma (-42.6%), San Diego (-38.5%), and Tulsa (-34.8%) also saw far fewer homes available on the market than a year ago.

Redfin Estimate

  • Miami (86.0%) had the largest share of homes predicted to sell for below list price, according to Redfin Estimate data, followed by neighboring markets West Palm Beach (83.8%) and Fort Lauderdale (83.1%).
  • San Francisco (86.0%) had the largest share of homes for sale predicted to sell at or above list price, followed by Oakland (82.1%) and Tacoma (79.2%).

Below are market-by-market breakdowns for prices, inventory, new listings and sales for markets with populations of 750 thousand or more. For downloadable data on all of the markets Redfin tracks, visit the Redfin Data Center.

Median Sale Price

Redfin Metro Median Sale Price Month-Over-Month Year-Over-Year
Albany, NY $224,500 4.4% 6.1%
Allentown, PA $210,000 -2.0% 7.7%
Anaheim, CA $720,000 1.4% 2.9%
Atlanta, GA $246,000 0.4% 5.6%
Austin, TX $308,900 -5.0% 3.0%
Bakersfield, CA $250,000 2.0% 11.6%
Baltimore, MD $275,000 -1.4% 4.8%
Baton Rouge, LA $199,900 -4.8% 0.0%
Birmingham, AL $210,000 5.0% 7.7%
Boston, MA $490,000 1.0% 3.2%
Bridgeport, CT $380,000 8.6% 2.7%
Buffalo, NY $159,000 -1.9% 5.0%
Camden, NJ $200,000 2.6% 14.3%
Charlotte, NC $258,000 0.4% 7.0%
Chicago, IL $241,000 0.0% 2.6%
Cincinnati, OH $182,000 1.1% 5.2%
Cleveland, OH $150,000 -4.5% 4.9%
Columbus, OH $210,100 -2.3% 7.7%
Dallas, TX $295,100 0.0% 2.8%
Dayton, OH $140,000 0.1% 8.2%
Denver, CO $415,500 -0.2% 5.2%
Detroit, MI $140,000 0.0% 12.0%
El Paso, TX $170,000 3.0% 9.2%
Elgin, IL $231,000 0.7% 6.9%
Fort Lauderdale, FL $277,000 0.7% 6.5%
Fort Worth, TX $247,100 -1.2% 7.6%
Frederick, MD $420,000 2.9% 5.2%
Fresno, CA $288,800 4.0% 9.4%
Grand Rapids, MI $207,500 -0.1% 8.9%
Greensboro, NC $179,800 -0.1% 2.7%
Greenville, SC $216,000 -0.5% 7.6%
Hartford, CT $221,000 -0.8% 4.2%
Houston, TX $243,000 1.2% 3.4%
Indianapolis, IN $185,900 -2.1% 6.2%
Jacksonville, FL $233,600 -1.3% 3.8%
Kansas City, MO $220,000 0.5% 2.4%
Knoxville, TN $217,200 2.0% 7.0%
Lake County, IL $230,900 0.8% 10.2%
Las Vegas, NV $289,000 -0.3% 4.0%
Los Angeles, CA $639,000 -0.5% 2.2%
Louisville, KY $190,000 -2.6% 2.7%
McAllen, TX $160,000 -3.0% 6.7%
Memphis, TN $179,000 0.6% 2.3%
Miami, FL $315,000 1.6% 8.6%
Milwaukee, WI $219,000 -0.5% 9.5%
Minneapolis, MN $280,000 0.0% 4.5%
Montgomery County, PA $320,000 1.6% 4.2%
Nashville, TN $306,500 2.2% 8.1%
Nassau County, NY $457,000 -0.7% 5.1%
New Brunswick, NJ $331,400 1.1% 6.9%
New Haven, CT $212,200 -1.3% 7.2%
New Orleans, LA $234,500 5.2% 9.1%
New York, NY $500,000 0.0% 0.0%
Newark, NJ $360,000 2.9% 6.4%
North Port, FL $280,000 3.7% 2.9%
Oakland, CA $720,000 -3.9% 0.7%
Oklahoma City, OK $184,000 2.2% 11.5%
Omaha, NE $210,000 -2.3% 6.0%
Orlando, FL $255,000 0.0% 3.9%
Oxnard, CA $610,000 -0.8% 4.5%
Philadelphia, PA $218,900 6.8% 10.0%
Phoenix, AZ $285,000 -0.3% 7.5%
Pittsburgh, PA $178,500 5.0% 11.6%
Portland, OR $410,000 1.2% 6.5%
Providence, RI $296,000 2.1% 9.6%
Raleigh, NC $292,800 0.2% 2.7%
Richmond, VA $255,000 -0.8% 4.1%
Riverside, CA $379,000 -1.6% 5.3%
Rochester, NY $150,000 -3.2% 6.7%
Sacramento, CA $413,000 0.7% 5.9%
Salt Lake City, UT $345,000 0.9% 9.5%
San Antonio, TX $225,200 -3.3% 0.1%
San Diego, CA $600,000 1.9% 7.1%
San Francisco, CA $1,375,000 -3.2% 2.9%
San Jose, CA $1,081,500 1.1% -1.1%
Seattle, WA $557,000 -0.5% 1.3%
St. Louis, MO $182,500 -2.1% 4.3%
Tacoma, WA $375,000 1.4% 7.5%
Tampa, FL $238,000 1.3% 4.4%
Tucson, AZ $225,000 -3.4% 3.4%
Tulsa, OK $170,000 -2.6% 0.0%
Honolulu, HI $575,000 -3.1% 0.0%
Virginia Beach, VA $233,000 -0.8% 3.6%
Warren, MI $214,200 -1.4% 7.1%
Washington, DC $414,700 1.1% 6.3%
West Palm Beach, FL $292,000 3.9% 10.0%
Worcester, MA $275,000 -1.7% 5.8%
National $311,600 0.0% 5.2%

Homes Sold

Redfin Metro Homes Sold, seasonally adjusted Month-Over-Month Year-Over-Year
Albany, NY 842 -0.5% -0.1%
Allentown, PA 914 2.0% 1.0%
Anaheim, CA 2,578 1.7% 13.8%
Atlanta, GA 8,944 -0.5% -1.2%
Austin, TX 3,179 1.8% 9.1%
Bakersfield, CA 742 -1.8% 1.3%
Baltimore, MD 3,564 1.1% 2.7%
Baton Rouge, LA 847 -5.2% -0.8%
Boston, MA 3,873 -3.5% -4.9%
Bridgeport, CT 1,001 -4.0% 1.4%
Buffalo, NY 1,037 4.8% 0.4%
Camden, NJ 1,664 1.2% -2.5%
Charlotte, NC 3,794 -1.8% 9.1%
Chicago, IL 7,663 -0.9% -3.3%
Cincinnati, OH 2,660 -2.1% -2.0%
Cleveland, OH 2,464 -0.8% 3.0%
Columbus, OH 2,589 1.5% 2.9%
Dallas, TX 5,580 -0.9% 4.1%
Dayton, OH 1,006 -0.1% -0.2%
Denver, CO 4,602 -3.0% 5.1%
Detroit, MI 1,703 -3.7% -6.0%
El Paso, TX 705 -0.4% 7.4%
Elgin, IL 938 1.4% -2.1%
Fort Lauderdale, FL 2,903 0.8% -7.2%
Fort Worth, TX 2,871 -1.7% 1.4%
Frederick, MD 1,469 -2.2% 0.4%
Fresno, CA 762 -3.8% -3.7%
Grand Rapids, MI 1,379 1.8% 8.9%
Greensboro, NC 842 -4.1% 10.1%
Greenville, SC 1,073 -5.9% -0.7%
Hartford, CT 1,299 -2.0% 0.1%
Houston, TX 7,596 -0.5% 5.2%
Indianapolis, IN 3,006 1.1% 2.8%
Jacksonville, FL 2,385 -0.6% -3.5%
Kansas City, MO 2,934 -1.0% -2.1%
Knoxville, TN 1,207 0.2% -6.5%
Lake County, IL 1,023 -2.1% -3.7%
Las Vegas, NV 3,452 -0.9% 7.0%
Los Angeles, CA 5,992 2.6% 13.3%
Louisville, KY 1,408 4.3% 11.0%
McAllen, TX 299 1.9% 19.9%
Memphis, TN 1,093 -0.8% 0.4%
Miami, FL 2,446 -3.3% -4.5%
Milwaukee, WI 1,779 -0.9% -0.3%
Minneapolis, MN 5,103 -0.2% 2.3%
Montgomery County, PA 2,203 -2.1% -7.9%
Nashville, TN 3,448 -4.2% 9.4%
Nassau County, NY 2,586 -1.5% -3.4%
New Brunswick, NJ 3,189 3.1% 4.3%
New Haven, CT 907 5.0% 7.4%
New Orleans, LA 1,227 -4.5% -1.5%
New York, NY 4,416 0.0% -4.8%
Newark, NJ 2,080 -1.7% -4.5%
North Port, FL 1,946 -1.3% 7.7%
Oakland, CA 2,178 -0.6% -2.1%
Oklahoma City, OK 1,932 0.1% 10.4%
Omaha, NE 1,172 0.8% 4.4%
Orlando, FL 4,009 2.8% 4.7%
Oxnard, CA 735 -1.5% 13.4%
Philadelphia, PA 2,119 1.1% -9.0%
Phoenix, AZ 8,515 1.8% 12.7%
Pittsburgh, PA 2,155 5.2% 4.4%
Portland, OR 3,080 -1.4% 3.6%
Providence, RI 1,793 1.3% 0.4%
Raleigh, NC 2,343 -1.6% 5.8%
Richmond, VA 1,634 1.2% 6.5%
Riverside, CA 4,723 0.4% 6.3%
Rochester, NY 1,062 1.1% 0.0%
Sacramento, CA 2,606 -0.1% 1.7%
Salt Lake City, UT 1,541 -1.1% -3.7%
San Antonio, TX 2,767 -1.0% 1.1%
San Diego, CA 3,015 1.4% 8.7%
San Francisco, CA 899 2.6% 1.4%
San Jose, CA 1,205 2.5% 4.3%
Seattle, WA 3,941 1.8% 8.2%
St. Louis, MO 3,418 0.8% -0.2%
Tacoma, WA 1,280 -2.1% -5.5%
Tampa, FL 5,409 0.4% 3.6%
Tucson, AZ 1,494 -0.1% 6.9%
Tulsa, OK 1,181 -2.5% 6.6%
Honolulu, HI 759 -1.1% 5.7%
Virginia Beach, VA 2,326 -0.8% 13.3%
Warren, MI 3,372 0.5% -0.4%
Washington, DC 5,882 -3.0% -5.9%
West Palm Beach, FL 2,707 0.6% -3.7%
Worcester, MA 1,014 -6.8% -0.7%
National 269,300 -0.3% 3.0%

New Listings

Redfin Metro New Listings, seasonally adjusted Month-Over-Month Year-Over-Year
Albany, NY 936 -10.2% -14.8%
Allentown, PA 823 -4.8% -22.6%
Anaheim, CA 2,444 -4.5% -19.5%
Atlanta, GA 10,319 -0.3% -4.1%
Austin, TX 3,538 -1.0% 5.3%
Bakersfield, CA 918 1.8% 3.5%
Baltimore, MD 4,279 -0.5% -0.2%
Baton Rouge, LA 868 2.3% -21.2%
Boston, MA 4,589 -8.8% -13.1%
Bridgeport, CT 1,225 -10.6% -6.1%
Buffalo, NY 1,115 -5.5% -3.9%
Camden, NJ 1,968 -0.8% -8.0%
Charlotte, NC 4,049 -1.4% -2.2%
Chicago, IL 10,038 -2.0% -4.5%
Cincinnati, OH 2,991 1.5% 0.7%
Cleveland, OH 2,805 -3.5% -5.7%
Columbus, OH 2,827 -2.6% -0.2%
Dallas, TX 7,085 -1.3% -0.2%
Dayton, OH 1,115 -2.6% -0.3%
Denver, CO 4,887 -1.8% -6.1%
Detroit, MI 2,186 -4.4% -11.1%
El Paso, TX 821 -8.3% 0.0%
Elgin, IL 1,163 -1.1% -2.1%
Fort Lauderdale, FL 3,648 3.3% -9.5%
Fort Worth, TX 3,407 -3.9% -3.7%
Frederick, MD 1,783 2.6% 8.5%
Fresno, CA 899 7.1% 3.2%
Grand Rapids, MI 1,436 -7.1% -1.6%
Greensboro, NC 703 1.8% -15.6%
Greenville, SC 1,245 1.8% -0.1%
Hartford, CT 1,491 -6.6% -0.3%
Houston, TX 9,829 0.3% 3.3%
Indianapolis, IN 3,039 -4.5% 1.4%
Jacksonville, FL 2,722 -8.0% -8.9%
Kansas City, MO 2,796 -5.7% -18.1%
Knoxville, TN 1,315 -1.8% -0.1%
Lake County, IL 1,378 -0.1% 0.8%
Las Vegas, NV 3,660 -3.9% -17.8%
Los Angeles, CA 6,113 -4.3% -19.1%
Louisville, KY 1,489 -2.5% -4.5%
McAllen, TX 452 8.2% 2.2%
Memphis, TN 1,280 0.0% -3.5%
Miami, FL 3,909 -0.1% -7.8%
Milwaukee, WI 1,888 -0.2% -0.4%
Minneapolis, MN 5,543 -0.2% -0.3%
Montgomery County, PA 2,699 2.7% 0.1%
Nashville, TN 4,078 -3.5% 2.7%
Nassau County, NY 3,319 -0.2% -5.5%
New Brunswick, NJ 3,684 -2.3% -5.1%
New Haven, CT 1,042 -2.7% 3.6%
New Orleans, LA 1,438 -0.6% 11.0%
New York, NY 7,571 -1.7% -6.8%
Newark, NJ 2,719 0.0% 0.0%
North Port, FL 2,254 0.3% -3.4%
Oakland, CA 2,372 -1.0% -11.6%
Oklahoma City, OK 2,099 -2.7% 0.0%
Omaha, NE 1,181 -1.6% -2.3%
Orlando, FL 4,559 -2.3% 0.6%
Oxnard, CA 788 0.0% -4.6%
Philadelphia, PA 2,859 -0.4% 2.4%
Phoenix, AZ 8,290 -2.0% -6.6%
Pittsburgh, PA 2,530 3.4% 4.7%
Portland, OR 3,428 -1.4% -5.2%
Providence, RI 2,054 -3.4% -6.6%
Raleigh, NC 2,577 -0.5% -2.6%
Richmond, VA 1,738 -7.3% -4.9%
Riverside, CA 5,012 -1.9% -14.7%
Rochester, NY 1,180 0.2% 0.6%
Sacramento, CA 2,961 2.0% -5.8%
Salt Lake City, UT 1,270 -6.0% -32.6%
San Antonio, TX 3,417 -5.4% -2.3%
San Diego, CA 3,148 -3.7% -10.2%
San Francisco, CA 988 -5.4% -12.1%
San Jose, CA 1,221 -3.9% -16.0%
Seattle, WA 3,845 -1.4% -10.4%
St. Louis, MO 3,133 -3.6% -20.9%
Tacoma, WA 1,255 -5.5% -15.7%
Tampa, FL 5,979 -0.6% -5.2%
Tulsa, OK 1,070 -5.4% -20.7%
Honolulu, HI 888 0.0% -12.1%
Virginia Beach, VA 2,541 0.9% 5.7%
Warren, MI 3,862 -4.0% -8.4%
Washington, DC 6,722 -0.3% -1.4%
West Palm Beach, FL 3,462 -2.2% -6.1%
Worcester, MA 1,254 6.0% 6.9%
National 305,600 -1.0% -5.9%

All Homes for Sale

Redfin Metro All Homes for Sale Month-Over-Month Year-Over-Year
Albany, NY 2,823 -13.6% -13.2%
Allentown, PA 1,869 -6.4% -30.8%
Anaheim, CA 5,239 -24.0% -34.7%
Atlanta, GA 24,228 -9.1% -9.1%
Austin, TX 6,365 -11.9% -17.9%
Bakersfield, CA 1,724 -7.2% -18.2%
Baltimore, MD 9,801 -10.8% -6.2%
Baton Rouge, LA 3,460 0.3% -10.7%
Birmingham, AL 3,905 -5.6% -11.9%
Boston, MA 8,058 -24.3% -7.5%
Bridgeport, CT 5,134 -13.7% -2.6%
Buffalo, NY 1,955 -15.3% -14.5%
Camden, NJ 5,035 -9.5% -23.9%
Charlotte, NC 9,464 -9.5% -12.0%
Cincinnati, OH 6,840 -8.2% -12.6%
Cleveland, OH 7,348 -10.5% -9.7%
Columbus, OH 5,912 -12.5% 0.2%
Dallas, TX 16,205 -13.5% -7.4%
Dayton, OH 2,319 -9.4% -17.0%
Denver, CO 6,581 -19.0% -13.3%
Detroit, MI 5,404 -8.8% -1.8%
El Paso, TX 2,595 -6.9% 5.2%
Fort Lauderdale, FL 13,296 0.5% -6.9%
Fort Worth, TX 6,689 -12.6% -5.6%
Frederick, MD 3,259 -14.6% -3.9%
Fresno, CA 1,519 -12.1% -18.4%
Grand Rapids, MI 2,474 -13.0% -1.5%
Greensboro, NC 1,785 -2.7% -23.3%
Greenville, SC 3,837 -5.3% 1.9%
Hartford, CT 4,910 -12.6% -6.4%
Houston, TX 25,908 -6.9% -3.3%
Indianapolis, IN 5,400 -12.3% -11.2%
Jacksonville, FL 7,026 -6.8% -13.4%
Knoxville, TN 3,882 -0.3% 12.0%
Las Vegas, NV 9,950 -8.6% -3.5%
Los Angeles, CA 14,017 -16.9% -26.0%
Louisville, KY 3,082 -10.7% -7.1%
McAllen, TX 1,799 -3.3% -8.7%
Memphis, TN 2,706 -7.6% -10.4%
Miami, FL 18,035 -1.5% -5.3%
Milwaukee, WI 4,511 -13.1% -3.7%
Minneapolis, MN 9,276 -16.9% -6.5%
Montgomery County, PA 5,376 -12.5% -12.3%
Nashville, TN 10,514 -4.7% -5.0%
Nassau County, NY 10,051 -9.6% -6.7%
New Brunswick, NJ 10,886 -10.3% -11.7%
New Haven, CT 3,297 -13.0% -10.9%
New Orleans, LA 4,274 -4.9% -5.7%
New York, NY 33,448 -3.6% -9.7%
Newark, NJ 8,020 -9.6% -3.4%
North Port, FL 6,410 1.6% -18.0%
Oakland, CA 2,511 -30.9% -30.3%
Oklahoma City, OK 4,650 -7.9% -15.3%
Omaha, NE 1,838 -12.1% -15.0%
Orlando, FL 9,061 -6.5% -17.0%
Oxnard, CA 1,795 -14.2% -6.9%
Philadelphia, PA 6,600 -9.0% -1.6%
Phoenix, AZ 15,312 -8.8% -25.8%
Pittsburgh, PA 8,232 -7.9% -3.7%
Portland, OR 5,929 -15.1% -18.0%
Providence, RI 5,120 -12.4% -15.2%
Raleigh, NC 5,967 -8.1% -5.3%
Richmond, VA 3,042 -15.1% -12.2%
Riverside, CA 12,172 -13.4% -29.8%
Rochester, NY 1,678 -13.0% -20.2%
Sacramento, CA 4,373 -18.9% -25.6%
Salt Lake City, UT 1,998 -14.2% -50.2%
San Antonio, TX 8,674 -7.2% -1.6%
San Diego, CA 4,911 -19.6% -38.5%
San Francisco, CA 1,522 -27.8% -10.4%
San Jose, CA 1,537 -32.7% -30.0%
Seattle, WA 4,745 -27.9% -33.8%
St. Louis, MO 8,093 -6.0% -24.5%
Tacoma, WA 1,301 -28.1% -42.6%
Tampa, FL 12,097 -5.6% -18.8%
Tulsa, OK 2,543 -2.8% -34.8%
Honolulu, HI 3,479 -2.0% 2.6%
Virginia Beach, VA 5,401 -12.8% -21.4%
Warren, MI 8,557 -12.4% 2.5%
Washington, DC 11,681 -14.7% -15.3%
West Palm Beach, FL 12,781 1.1% -9.4%
Worcester, MA 2,318 -15.8% -11.7%
National 743,600 -9.3% -12.1%

Median Off-Market Redfin Estimate

Redfin Metro Estimate Month-Over-Month Year-Over-Year
Albany, NY $207,900 -6.4% -3.7%
Allentown, PA $216,300 -3.9% 3.2%
Atlanta, GA $230,700 -1.5% 6.6%
Austin, TX $307,300 -4.5% 2.6%
Bakersfield, CA $208,800 -8.7% -2.8%
Baltimore, MD $268,700 0.4% 5.7%
Baton Rouge, LA $152,100 -12.6% 0.6%
Birmingham, AL $142,300 -8.2% -4.6%
Boston, MA $508,600 1.5% 4.2%
Buffalo, NY $156,200 -6.8% -0.6%
Camden, NJ $204,300 -1.0% 6.0%
Charlotte, NC $207,300 -3.2% 1.5%
Chicago, IL $256,100 1.1% 5.5%
Cincinnati, OH $170,000 -5.9% 1.2%
Cleveland, OH $144,400 -3.6% 4.6%
Columbus, OH $198,500 -3.0% 5.8%
Dallas, TX $262,600 -2.5% 2.8%
Dayton, OH $124,000 -2.0% 6.0%
Denver, CO $411,500 -2.0% 0.6%
Detroit, MI $107,600 -4.9% 2.0%
Fort Lauderdale, FL $269,300 -1.5% 2.9%
Fort Worth, TX $224,700 -1.5% 6.0%
Fresno, CA $260,000 -1.9% 2.7%
Grand Rapids, MI $169,700 -2.2% 6.2%
Greenville, SC $173,900 -10.9% 3.6%
Houston, TX $204,900 -5.2% -0.9%
Indianapolis, IN $165,500 -3.7% 3.7%
Jacksonville, FL $216,900 -6.6% 0.6%
Kansas City, MO $184,900 -4.6% -0.3%
Knoxville, TN $178,900 -2.8% 19.6%
Las Vegas, NV $281,300 -0.6% 3.4%
Los Angeles, CA $635,600 -0.8% 0.9%
Louisville, KY $175,600 -1.5% 16.7%
Memphis, TN $145,500 -2.1% 8.3%
Miami, FL $312,100 0.2% 5.8%
Milwaukee, WI $198,500 -1.1% -5.2%
Minneapolis, MN $272,300 -1.4% 5.1%
Montgomery County, PA $323,000 -1.1% 2.1%
Nashville, TN $272,700 -1.0% 10.3%
New Orleans, LA $179,500 -5.7% 5.7%
Newark, NJ $372,600 -3.2% 2.6%
Oakland, CA $767,100 -0.5% -0.4%
Oklahoma City, OK $148,700 -4.6% 5.7%
Omaha, NE $186,000 0.4% 10.0%
Orlando, FL $236,700 -3.4% 3.1%
Oxnard, CA $600,400 -1.6% -0.6%
Philadelphia, PA $189,200 -2.6% -7.0%
Phoenix, AZ $273,300 -3.7% 2.8%
Pittsburgh, PA $143,300 -10.6% -0.9%
Portland, OR $399,400 -1.7% 2.3%
Providence, RI $294,800 -3.4% 0.0%
Raleigh, NC $265,500 -5.3% 0.7%
Richmond, VA $234,400 -1.0% 5.7%
Riverside, CA $350,000 -7.2% -4.0%
Rochester, NY $148,000 -4.2% 3.2%
Sacramento, CA $412,400 -2.1% 2.7%
Salt Lake City, UT $346,100 0.0% 7.1%
San Antonio, TX $194,800 -7.2% 2.1%
San Diego, CA $598,000 -1.3% 0.9%
San Francisco, CA $1,344,800 0.4% -0.8%
San Jose, CA $1,130,000 -1.5% -8.7%
Seattle, WA $559,000 -2.9% -0.8%
St. Louis, MO $161,700 -4.7% 4.1%
Tacoma, WA $360,100 -3.6% 4.6%
Tampa, FL $222,900 -3.8% 3.3%
Tucson, AZ $210,600 -6.7% 2.2%
Tulsa, OK $137,200 -5.2% -1.4%
Warren, MI $210,700 -1.4% -0.5%
Washington, DC $398,300 -0.9% 2.9%
West Palm Beach, FL $274,500 -1.3% 3.6%
Worcester, MA $284,500 -4.5% 0.1%
National $293,000 -4.4% 2.8%
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Tim Ellis

Tim Ellis has been analyzing the real estate market since 2005, and worked at Redfin as a housing market analyst from 2010 through 2013 and again starting in 2018. In his free time, he runs the independently-operated Seattle-area real estate website Seattle Bubble, and produces the "Dispatches from the Multiverse" improvised comedy sci-fi podcast.

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