Home Sales Fell 3.5 Percent in July, the 22nd Consecutive Month to Post an Inventory Decline

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Home prices increased 6.8 percent from a year ago to a national median sale price of $293,000 in July. This represented a slight decline of 0.3 percent from June. The median value of off-market homes in July was $249,000, as measured by the Redfin Estimate, up 0.7 percent from June.

Sales in July declined 3.5 percent compared to last year, constrained by a low supply of homes on the market.

“In the first half of the year, the housing market was able to keep its head above water, despite high prices and low inventory, because buyer demand was so strong,” said Redfin chief economist Nela Richardson. “Multiple months of inventory declines took a toll on sales as buyers took a breather in July to wait for more listings. Despite last month’s sluggishness, the number of homes sold in the first seven months of the year was up 4 percent compared with the same period last year.”

Market Summary July 2017 Month-Over-Month Year-Over-Year
Median sale price $293,400 -0.3% 6.8%
Homes sold 256,300 -19.6% -3.5%
New listings 307,900 -12.1% -2.0%
All Homes for sale 778,500 -0.9% -11.0%
Median days on market 37 0 -5
Months of supply 3 0.5 -0.3
Sold above list 25.7% -1.2% 1.6%
July Real Estate Inventory

The number of homes for sale fell 11 percent, marking 22 consecutive months of year-over-year declines in inventory. July had a three-month supply of homes–higher than June’s record-low 2.5 months–but still well below the six months that represent a market balanced between buyers and sellers. The inventory shortage is being felt nationwide. With the exception of Newark, N.J., and Miami, Fla., every metro Redfin tracks had less than six months of supply.

The inventory pinch is acute in California and the Pacific Northwest, with less than a two-month supply of homes in San Jose, Oakland, San Francisco, Sacramento, Fresno, San Diego, Seattle, Tacoma and Portland. That strain is also being felt in the Midwest. Omaha and Grand Rapids also faced less than two months of supply.

Inventory increased year over year in just 11 of the 74 metro areas we track. Texas and Louisiana were two bright spots; inventory was up in Austin (14.4%), Houston (8.9%), Baton Rouge (18%) and New Orleans (11.8%).

The typical home that sold in July went under contract in 37 days, tying June’s record-setting pace. In three of the four most recent years, July and June have had the same number of median days on market. Portland and Seattle were the fastest-moving markets, with the typical home in each market finding a buyer in just eight days. More than a quarter (25.7%) of homes sold above their list price.

Forty-six percent of homes listed for sale in July were priced higher than their concurrent Redfin Estimate, a measure of a home’s value and prediction of its eventual sale price, compared to 52 percent in June. The median list price-to-Redfin Estimate ratio was 100.2 percent, which means the typical home for sale last month was priced in line with its estimated value.

Today we introduced new metrics that report on off-market home values, based on data from the Redfin Estimate, Redfin’s automated home-value estimate. This information is helpful for homeowners looking to understand how the value of their home changes over time. The homes that sell in a given month are a small fraction of all homes and are not necessarily a representative sample of the overall housing stock. The median Redfin Estimate tracks the value of the typical home in each metro area over time. *In this report we introduce data on month-over-month changes in Redfin Estimate values and we plan to add year-over-year data once we have enough historical data to do so.

Other July Highlights

Competition

  • Portland, OR and Seattle, WA were the fastest markets, with half of all homes pending sale in just 8 days. Denver, CO and Boston, MA were the next fastest markets with 9 median days on market, followed by Tacoma, WA (10).
  • The most competitive market in July was San Jose, CA where 74.4% of homes sold above list price, followed by 71.9% in San Francisco, CA, 67.7% in Oakland, CA, 58.0% in Seattle, WA, and 51.8% in Tacoma, WA.

Prices

  • Seattle, WA had the nation’s highest price growth, rising 17.8% since last year to $530,000. Las Vegas, NV and Jacksonville, FL had the second highest growth at 13% year-over-year price growth, followed by Milwaukee, WI (12.6%) and Fort Worth, TX (12.5%).
  • 4 metros saw price declines in July including Camden, NJ (-7.7%), Newark, NJ (-5.6%), Baltimore, MD (-1.2%), and Hampton Roads, VA (-0.2%).
  • Jacksonville, FL had the highest month-over-month increase in the value of off-market homes up 4.5%, as measured by the Redfin Estimate, this mirrored strong price growth for on-market homes, up 13% year over year.

Sales

  • Only two out of 74 metros saw sales surge by double digits from last year: Baltimore, MD sales increased 30%, followed by Camden, NJ, up 20%.
  • Newark, NJ saw the largest decline in sales since last year, falling 73.4%. Home sales in Buffalo, NY and Tulsa, OK declined by 22.6% and 20.8%, respectively.

Inventory

  • San Jose, CA had the largest decrease in overall inventory, falling 43.7% since last July. Rochester, NY (-38.0%), Buffalo, NY (-37.8%), and San Francisco, CA (-29.3%) also saw far fewer homes available on the market than a year ago.
  • Salt Lake City, UT had the highest increase in the number of homes for sale, up 27.9% year over year, followed by Tulsa, OK (23.3%) and Baton Rouge, LA (18.0%).

Redfin Estimate

  • The median list price-to-Redfin Estimate ratio was 94.9% in San Francisco, the lowest of any market. This indicates the typical home for sale in July was listed at a price 5.1% below its estimated value. Only 10.7% of homes in San Francisco were listed for more than their Redfin Estimate.
  • Conversely, the median list price-to-Redfin Estimate ratio was 103% in Miami, FL and 102.8% in Atlanta, which means sellers are listing their homes for more than the estimated value in those metro areas. In Atlanta, 74.5% of homes were listed above their Redfin Estimate, the highest percentage of any metro.

Below are market-by-market breakdowns for prices, inventory, new listings and sales for markets with populations of 750 thousand or more. The median list price-to-Redfin Estimate ratio is also provided for markets with populations of 750 thousand or more where Redfin Estimate is available. Redfin market data is based on the Metropolitan Statistical Area definitions from the Bureau of Labor Statistics. 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 $210,000 1.2% 0.2%
Allentown, PA $189,000 -0.5% 2.2%
Atlanta, GA $225,000 0.0% 5.1%
Austin, TX $298,000 -3.1% 4.6%
Bakersfield, CA $228,000 3.6% 7.0%
Baltimore, MD $272,500 0.1% -1.2%
Baton Rouge, LA $200,000 -0.4% 1.5%
Birmingham, AL $196,900 0.5% 3.6%
Boston, MA $473,700 -0.3% 6.1%
Buffalo, NY $148,000 0.7% 7.6%
Camden, NJ $180,000 -4.0% -7.7%
Charlotte, NC $238,000 -2.9% 10.7%
Chicago, IL $246,400 -1.4% 2.7%
Cincinnati, OH $176,200 -0.4% 6.8%
Cleveland, OH $147,000 -2.0% 5.1%
Columbia, SC $109,000 -31.9% -29.2%
Columbus, OH $200,000 2.0% 9.3%
Dallas, TX $285,000 -3.4% 9.7%
Denver, CO $380,000 -2.3% 7.0%
Detroit, MI $134,000 3.9% 8.9%
Fort Lauderdale, FL $252,500 -2.4% 10.3%
Fort Worth, TX $225,000 0.0% 12.5%
Fresno, CA $255,000 2.0% 10.8%
Grand Rapids, MI $185,000 -0.1% 8.8%
Greenville, SC $199,000 1.8% 10.0%
Hampton Roads, VA $229,100 -2.5% -0.2%
Honolulu, HI $573,800 0.7% 4.3%
Houston, TX $230,000 -3.8% 0.0%
Indianapolis, IN $167,900 -2.4% 5.0%
Jacksonville, FL $224,900 2.3% 13.0%
Kansas City, MO $199,500 -2.7% 2.4%
Knoxville, TN $185,000 -1.0% 8.8%
Las Vegas, NV $245,000 1.4% 13.0%
Long Island, NY $440,000 1.7% 8.6%
Los Angeles, CA $590,000 0.4% 9.1%
Louisville, KY $185,000 -2.1% 1.7%
Memphis, TN $170,000 -4.3% 3.0%
Miami, FL $275,000 -1.8% 3.8%
Milwaukee, WI $214,000 0.9% 12.6%
Minneapolis, MN $251,000 -2.5% 4.6%
Montgomery County, PA $310,000 -1.0% 4.9%
Nashville, TN $272,000 -2.9% 6.7%
New Orleans, LA $220,000 2.3% 11.2%
Newark, NJ $368,500 2.4% -5.6%
Oakland, CA $700,000 -2.1% 7.7%
Oklahoma City, OK $166,000 -2.2% 0.6%
Omaha, NE $183,000 -3.7% 0.0%
Orange County, CA $679,900 -0.7% 8.8%
Orlando, FL $225,000 -2.2% 7.1%
Oxnard, CA $574,800 -0.9% 8.4%
Philadelphia, PA $200,000 -2.4% 8.1%
Phoenix, AZ $245,000 -0.4% 8.3%
Pittsburgh, PA $163,400 -3.3% 2.1%
Portland, OR $380,000 0.5% 10.7%
Providence, RI $265,000 1.9% 6.0%
Raleigh, NC $266,000 -3.3% 6.8%
Richmond, VA $242,000 -0.4% 5.3%
Riverside, CA $347,000 0.6% 8.4%
Rochester, NY $142,000 1.0% 3.6%
Sacramento, CA $376,000 0.3% 8.3%
Salt Lake City, UT $289,900 -1.7% 7.8%
San Antonio, TX $210,000 -3.2% 1.9%
San Diego, CA $544,500 -1.9% 8.9%
San Francisco, CA $1,285,000 0.4% 8.2%
San Jose, CA $975,000 -2.5% 7.7%
Seattle, WA $530,000 1.1% 17.8%
St. Louis, MO $180,000 0.0% 4.7%
Tacoma, WA $315,000 -2.2% 10.5%
Tampa, FL $215,000 0.0% 10.3%
Tucson, AZ $195,000 -2.5% 4.8%
Tulsa, OK $165,000 3.1% 3.1%
Warren, MI $203,000 -1.2% 6.8%
Washington, DC $395,000 -2.5% 1.0%
West Palm Beach, FL $265,000 -1.9% 3.9%
Worcester, MA $262,500 -2.1% 4.2%
National $293,400 -0.3% 6.8%

Homes Sold

Redfin Metro Homes Sold Month-Over-Month Year-Over-Year
Albany, NY 884 -23.6% -13.0%
Allentown, PA 781 -31.6% -11.3%
Atlanta, GA 9,976 -26.6% -0.8%
Austin, TX 3,017 -17.3% 0.5%
Bakersfield, CA 734 -18.4% -5.0%
Baltimore, MD 3,856 -28.5% 30.4%
Baton Rouge, LA 987 -12.6% 6.9%
Birmingham, AL 1,361 -24.5% -4.3%
Boston, MA 5,239 -18.0% -4.9%
Buffalo, NY 925 -16.7% -22.6%
Camden, NJ 1,840 -21.5% 19.6%
Charlotte, NC 3,757 -15.8% 2.4%
Chicago, IL 10,638 -32.7% -11.2%
Cincinnati, OH 2,248 -18.2% -8.5%
Cleveland, OH 2,622 -17.9% -4.3%
Columbia, SC 37 -87.4% -95.6%
Columbus, OH 2,978 -12.8% 8.7%
Dallas, TX 5,633 -13.1% -1.8%
Denver, CO 5,133 -16.5% -3.4%
Detroit, MI 1,793 -30.4% -6.5%
Fort Lauderdale, FL 2,822 -17.3% -15.8%
Fort Worth, TX 3,127 -10.8% -3.0%
Fresno, CA 828 -16.0% 0.0%
Grand Rapids, MI 1,508 -28.5% -5.9%
Greenville, SC 1,156 -16.4% 2.7%
Hampton Roads, VA 2,047 -15.7% -5.4%
Honolulu, HI 804 -10.1% 5.1%
Houston, TX 7,426 -13.8% -0.4%
Indianapolis, IN 3,127 -19.3% -4.7%
Jacksonville, FL 2,278 -17.1% -1.2%
Kansas City, MO 3,193 -18.6% -7.2%
Knoxville, TN 1,264 -17.4% -1.3%
Las Vegas, NV 3,733 -15.4% 8.3%
Long Island, NY 2,699 -5.4% 3.6%
Los Angeles, CA 6,378 -20.3% -5.9%
Louisville, KY 1,458 -16.7% -3.2%
Memphis, TN 1,260 -19.7% 0.5%
Miami, FL 2,469 -19.7% -7.6%
Milwaukee, WI 1,923 -27.3% -20.6%
Minneapolis, MN 6,307 -24.2% -0.9%
Montgomery County, PA 2,720 -20.3% -0.9%
Nashville, TN 3,546 -11.1% 2.6%
New Orleans, LA 1,247 -17.4% -0.1%
Newark, NJ 568 -47.6% -73.4%
Oakland, CA 2,486 -19.5% -5.1%
Oklahoma City, OK 1,855 -19.3% -3.7%
Omaha, NE 1,340 -12.8% 1.9%
Orange County, CA 2,742 -14.7% -3.3%
Orlando, FL 3,867 -14.6% -1.8%
Oxnard, CA 785 -19.8% -7.9%
Philadelphia, PA 2,231 -29.4% -13.8%
Phoenix, AZ 7,712 -19.3% 1.4%
Pittsburgh, PA 2,144 -27.5% -7.4%
Portland, OR 3,519 -15.4% -4.1%
Providence, RI 1,899 -16.9% -8.0%
Raleigh, NC 2,312 -18.6% -4.6%
Richmond, VA 1,712 -20.8% -5.6%
Riverside, CA 4,983 -19.0% -1.9%
Rochester, NY 1,085 -18.5% -19.0%
Sacramento, CA 2,848 -15.0% -6.2%
Salt Lake City, UT 1,675 -14.8% -5.3%
San Antonio, TX 2,607 -11.6% -5.1%
San Diego, CA 3,226 -16.2% -5.1%
San Francisco, CA 959 -20.6% -2.6%
San Jose, CA 1,496 -16.0% 8.2%
Seattle, WA 4,828 -12.2% -3.6%
St. Louis, MO 3,985 -13.6% 0.3%
Tacoma, WA 1,572 -10.3% 7.5%
Tampa, FL 5,447 -15.3% 4.6%
Tucson, AZ 1,322 -18.7% -4.0%
Tulsa, OK 969 -25.7% -20.8%
Warren, MI 3,814 -22.7% 1.1%
Washington, DC 8,885 -17.5% 5.9%
West Palm Beach, FL 2,670 -30.8% -12.4%
Worcester, MA 1,049 -14.5% -4.1%
National 256,300 -19.6% -3.5%

New Listings

Redfin Metro New Listings Month-Over-Month Year-Over-Year
Albany, NY 1,119 -14.4% -9.6%
Albuquerque, NM 1,450 -12.3% 2.5%
Allentown, PA 1,052 -13.2% -4.8%
Atlanta, GA 10,287 -13.5% 0.4%
Austin, TX 3,848 -12.9% 0.6%
Bakersfield, CA 1,008 -5.2% -4.5%
Baltimore, MD 4,471 -15.4% -0.4%
Baton Rouge, LA 1,250 2.5% 18.8%
Birmingham, AL 1,516 -17.2% -12.3%
Boston, MA 4,990 -25.6% -3.1%
Buffalo, NY 1,428 -4.9% 14.8%
Camden, NJ 2,112 -11.1% 1.4%
Charlotte, NC 4,280 -4.6% 2.9%
Chicago, IL 12,639 -15.9% -7.8%
Cincinnati, OH 2,611 -16.4% -5.2%
Cleveland, OH 3,180 -15.0% -3.8%
Columbia, SC 1,230 -9.6% 2.2%
Columbus, OH 3,423 -12.5% 1.4%
Dallas, TX 7,267 -12.1% 0.5%
Denver, CO 5,793 -16.0% -9.7%
Detroit, MI 2,659 -8.3% 6.3%
Fort Lauderdale, FL 3,761 -8.3% -4.0%
Fort Worth, TX 3,876 -7.1% -2.2%
Fresno, CA 982 -10.9% -4.4%
Grand Rapids, MI 1,733 -12.2% -1.4%
Greenville, SC 1,247 -11.6% 2.5%
Hampton Roads, VA 2,513 -15.9% 1.6%
Honolulu, HI 1,048 -2.3% 10.7%
Houston, TX 10,496 -7.7% 2.6%
Indianapolis, IN 3,451 -13.7% -3.2%
Jacksonville, FL 2,606 -6.3% 3.9%
Kansas City, MO 3,649 -11.6% -0.5%
Knoxville, TN 1,452 -2.0% 9.5%
Las Vegas, NV 4,132 -5.1% -2.0%
Long Island, NY 3,447 -6.5% 5.5%
Los Angeles, CA 8,261 -7.5% -10.0%
Louisville, KY 1,752 -15.4% 2.9%
Memphis, TN 1,356 -16.8% -16.5%
Miami, FL 4,188 -0.6% 7.3%
Milwaukee, WI 2,109 -15.9% -10.4%
Minneapolis, MN 6,394 -18.1% -5.7%
Montgomery County, PA 2,522 -20.8% 2.7%
Nashville, TN 4,009 -8.9% 0.1%
New Orleans, LA 1,618 -1.5% 4.7%
Newark, NJ 2,820 -21.8% 0.7%
Oakland, CA 2,933 -5.4% -12.7%
Oklahoma City, OK 2,246 -12.9% -5.6%
Omaha, NE 1,319 -16.8% -7.1%
Orange County, CA 3,286 -9.0% -15.5%
Orlando, FL 4,394 -14.8% 2.3%
Oxnard, CA 885 -14.6% -10.6%
Philadelphia, PA 2,572 -14.4% 2.0%
Phoenix, AZ 7,916 -13.1% -2.1%
Pittsburgh, PA 2,737 -7.5% 0.1%
Portland, OR 4,070 -14.4% -11.3%
Providence, RI 2,228 -15.3% -0.8%
Raleigh, NC 2,510 -11.4% -6.7%
Richmond, VA 1,818 -17.9% 1.2%
Riverside, CA 6,175 -5.6% -8.7%
Rochester, NY 1,331 -13.5% 13.7%
Sacramento, CA 3,697 -11.9% -7.9%
Salt Lake City, UT 2,045 -19.7% -5.4%
San Antonio, TX 3,384 -11.0% 2.1%
San Diego, CA 3,774 -11.8% -8.2%
San Francisco, CA 1,002 -17.4% -13.1%
San Jose, CA 1,451 -8.3% -10.8%
Seattle, WA 5,628 -12.8% -2.5%
St. Louis, MO 4,653 -13.5% 2.5%
Tacoma, WA 1,981 -9.1% 1.0%
Tampa, FL 5,907 -10.2% 1.5%
Tucson, AZ 1,419 -14.5% 3.4%
Tulsa, OK 1,374 -13.5% -7.3%
Warren, MI 5,086 -8.7% 2.8%
Washington, DC 9,013 -19.6% -1.0%
West Palm Beach, FL 3,392 -5.5% 5.3%
Worcester, MA 1,130 -15.0% -0.1%
National 307,900 -12.1% -2.0%

All Homes for Sale

Redfin Metro All Homes for Sale Month-Over-Month Year-Over-Year
Albany, NY 3,137 -1.4% -24.3%
Albuquerque, NM 5,046 -4.7% 19.4%
Allentown, PA 3,841 17.4% -0.3%
Atlanta, GA 30,748 -6.8% -13.1%
Austin, TX 8,479 0.7% 14.4%
Bakersfield, CA 2,165 0.9% -16.3%
Baltimore, MD 10,832 -4.4% -18.6%
Baton Rouge, LA 4,044 20.2% 18.0%
Birmingham, AL 5,715 -3.4% -14.9%
Boston, MA 8,141 -4.4% -20.1%
Buffalo, NY 2,412 -0.7% -37.8%
Camden, NJ 7,831 -0.2% -10.3%
Charlotte, NC 13,142 1.0% -6.8%
Chicago, IL 41,990 -1.4% -13.6%
Cincinnati, OH 8,293 0.2% -16.2%
Cleveland, OH 9,202 -2.4% -16.3%
Columbia, SC 3,736 -5.3% -13.9%
Columbus, OH 7,352 0.6% -10.0%
Dallas, TX 13,537 -6.0% -0.4%
Denver, CO 7,330 0.7% -10.3%
Detroit, MI 4,590 3.6% -19.4%
Fort Lauderdale, FL 13,963 0.6% -3.1%
Fort Worth, TX 6,389 -6.0% -11.6%
Fresno, CA 1,609 -4.2% -17.1%
Grand Rapids, MI 2,671 2.1% -17.1%
Greenville, SC 4,013 -2.3% -9.6%
Hampton Roads, VA 8,137 -2.9% -9.5%
Honolulu, HI 3,461 8.3% 7.8%
Houston, TX 28,483 0.5% 8.9%
Indianapolis, IN 7,497 -0.2% -20.4%
Jacksonville, FL 6,643 -4.1% -15.7%
Knoxville, TN 5,091 3.5% -5.5%
Las Vegas, NV 10,336 -2.1% -25.7%
Long Island, NY 11,290 -1.0% -18.3%
Los Angeles, CA 16,651 -2.5% -11.5%
Louisville, KY 3,337 -1.9% -12.0%
Memphis, TN 3,272 -6.6% -26.0%
Miami, FL 17,510 0.5% -5.3%
Milwaukee, WI 6,515 -2.4% -13.5%
Minneapolis, MN 12,644 -1.3% -15.8%
Montgomery County, PA 7,556 -0.6% -19.2%
Nashville, TN 9,857 -1.6% 6.6%
New Orleans, LA 6,153 5.0% 11.8%
Newark, NJ 10,812 -1.9% -10.1%
Oakland, CA 3,040 2.0% -27.1%
Oklahoma City, OK 6,267 -2.3% -3.8%
Omaha, NE 1,943 -2.3% -22.6%
Orange County, CA 7,577 -5.4% -18.1%
Orlando, FL 10,152 -5.5% -19.3%
Oxnard, CA 1,654 -3.1% -20.2%
Philadelphia, PA 7,670 0.5% -16.6%
Phoenix, AZ 18,983 -7.4% -15.3%
Pittsburgh, PA 10,408 0.4% -9.6%
Portland, OR 6,342 6.0% 0.5%
Providence, RI 5,799 -1.6% -19.9%
Raleigh, NC 6,787 -4.9% -5.9%
Richmond, VA 3,604 -4.3% -15.1%
Riverside, CA 14,744 -4.5% -14.4%
Rochester, NY 2,501 -3.2% -38.0%
Sacramento, CA 5,521 3.3% -19.8%
Salt Lake City, UT 5,031 25.7% 27.9%
San Antonio, TX 8,163 -5.1% -7.3%
San Diego, CA 5,811 -4.1% -24.6%
San Francisco, CA 1,284 -4.0% -29.3%
San Jose, CA 1,475 -5.2% -43.7%
Seattle, WA 5,181 6.4% -22.8%
St. Louis, MO 14,841 8.3% 2.6%
Tacoma, WA 2,542 1.0% -17.4%
Tampa, FL 12,468 -4.9% -24.9%
Tucson, AZ 4,360 -6.0% -13.0%
Tulsa, OK 5,347 15.7% 23.3%
Warren, MI 8,503 4.6% -21.6%
Washington, DC 18,282 -4.4% -14.3%
West Palm Beach, FL 13,427 -3.3% -4.0%
Worcester, MA 2,111 -3.6% -27.5%
National 778,500 -0.9% -11.0%

Median Off-Market Redfin Estimate

Redfin Metro Estimate Month-Over-Month
Albany, NY $202,600 0.8%
Allentown, PA $193,500 0.7%
Atlanta, GA $188,000 0.9%
Austin, TX $289,000 0.4%
Bakersfield, CA $197,600 0.8%
Baltimore, MD $242,800 0.2%
Baton Rouge, LA $151,200 1.1%
Birmingham, AL $137,100 0.4%
Boston, MA $452,700 -1.2%
Buffalo, NY $143,200 1.4%
Camden, NJ $184,700 1.0%
Charlotte, NC $171,800 1.1%
Chicago, IL $229,700 0.8%
Cincinnati, OH $151,800 0.5%
Cleveland, OH $128,700 0.6%
Columbia, SC $110,700 -0.7%
Columbus, OH $166,200 0.7%
Dallas, TX $232,100 0.8%
Denver, CO $371,900 0.6%
Detroit, MI $78,400 0.0%
Fort Lauderdale, FL $236,000 0.5%
Fort Worth, TX $188,200 0.9%
Fresno, CA $229,200 1.1%
Grand Rapids, MI $145,200 1.1%
Greenville, SC $150,400 0.8%
Hampton Roads, VA $212,100 0.4%
Honolulu, HI $661,100 0.3%
Houston, TX $190,900 0.6%
Indianapolis, IN $143,100 1.0%
Jacksonville, FL $189,600 4.5%
Kansas City, MO $168,500 1.0%
Knoxville, TN $134,500 -1.0%
Las Vegas, NV $225,300 1.1%
Long Island, NY $405,800 0.9%
Los Angeles, CA $569,500 0.8%
Louisville, KY $153,300 0.9%
Memphis, TN $121,100 -0.2%
Miami, FL $270,200 0.5%
Milwaukee, WI $187,900 1.0%
Minneapolis, MN $238,700 0.6%
Montgomery County, PA $302,800 0.6%
Nashville, TN $216,700 1.1%
New Orleans, LA $174,100 0.4%
Newark, NJ $318,000 0.5%
Oakland, CA $697,800 0.7%
Oklahoma City, OK $136,400 -0.1%
Omaha, NE $156,400 1.0%
Orange County, CA $665,100 0.7%
Orlando, FL $206,100 0.8%
Oxnard, CA $567,300 0.8%
Philadelphia, PA $181,800 0.6%
Phoenix, AZ $242,800 0.7%
Pittsburgh, PA $134,700 0.0%
Portland, OR $373,400 0.6%
Providence, RI $271,800 1.0%
Raleigh, NC $241,300 0.6%
Richmond, VA $204,700 0.8%
Riverside, CA $329,400 0.6%
Rochester, NY $134,300 1.1%
Sacramento, CA $373,700 1.0%
Salt Lake City, UT $289,600 1.2%
San Antonio, TX $174,100 0.6%
San Diego, CA $548,200 0.7%
San Francisco, CA $1,198,400 1.1%
San Jose, CA $1,023,100 1.1%
Seattle, WA $498,200 1.4%
St. Louis, MO $144,600 -3.1%
Tacoma, WA $301,000 1.2%
Tampa, FL $193,800 0.7%
Tucson, AZ $187,600 0.9%
Tulsa, OK $134,500 0.4%
Warren, MI $193,000 0.8%
Washington, DC $370,300 0.2%
West Palm Beach, FL $245,000 -1.5%
Worcester, MA $260,300 -0.5%
National $249,000 0.7%
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alina-ptaszynskiredfin-com

Alina writes about the real estate market in Washington, D.C. and works with media throughout the mid-Atlantic region from Virginia Beach to Philadelphia. She’s addicted to the Redfin app and loves looking at homes in random cities she’ll most likely never live. She spends her free time fixing up her fixer-upper. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our "Why Redfin?," page.

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