Key Takeaways:
- National home prices rose 7.8 percent in November as inventory declined 12.8 percent
- Pace and competition in housing market continued to accelerate in November after 26 months of inventory declines
- San Jose prices climbed 23 percent and competition reached new heights in November
- Sonoma County housing market felt impact of October wildfires as inventory plunged 47 percent
- In Ventura and Santa Barbara counties where wildfires are threatening homes, inventory has declined by double-digits for three months straight and fires could worsen the inventory shortage
Home price growth was strong in November, up 7.8 percent from last year to a national median sale price of $292,000 across the markets Redfin serves. Sales were down 1.3 percent. The number of homes for sale declined 12.8 percent compared to a year ago, marking 26 months in a row of inventory declines.
“Overall, 2017 has been an uneven year for home sales. The year started out strong, but a combination of low inventory and weather events overtook sales growth; sales have been flat to declining in six out of the past 11 months,” said Redfin chief economist Nela Richardson. “The good news is markets have been quick to recover from severe weather events, even as challenges remain. For example, Houston home sales were up 4.3 percent in November from a year ago, and Tampa sales were up 6.1 percent. We are hopeful that Southern California markets show the same level of resilience in the aftermath of wildfires there.”
The number of homes newly listed for sale in November increased a modest 1.1 percent. Any increase in new listings is welcome news for buyers, however, the number of homes put on the market in November wasn’t enough to put a dent in the long-standing inventory shortage. There were 3.1 months of supply in November, far below the six months of supply that represent a market balanced between buyers and sellers. Nationally, the typical home spent 46 days on the market, four days fewer than last November.
2017 has been the fastest market on record and if current trends continue, Redfin predicts 2018 will be even faster.
| Market Summary | November 2017 | Month-Over-Month | Year-Over-Year |
|---|---|---|---|
| Median sale price | $291,700 | 1.6% | 7.8% |
| Homes sold | 214,100 | -9.0% | -1.3% |
| New listings | 207,900 | -19.7% | 1.1% |
| All Homes for sale | 653,400 | -9.2% | -12.8% |
| Median days on market | 46 | 2 | -4 |
| Months of supply | 3.1 | 0 | -0.4 |
| Sold above list | 21.6% | -0.9% | 0.6% |
| Median Off-Market Redfin Estimate | $250,600 | 0.7% | |
| Average Sale-to-list | 98.1% | 0.0% | 0.2% |
San Jose, Calif. Sets New Records for Prices and Competition
The median sale price in San Jose was $1.076 million and the average sale-to-list price ratio was 107.9 percent, both the highest on record since Redfin began tracking this data in 2009. For the second month in a row, the San Jose metro area was the fastest market, with the typical home pending sale in 12 days. (Seattle tied for fastest market in November). San Jose also saw the steepest year-over-year inventory drop and the sharpest corresponding price increase for the second month straight. The number of homes for sale fell 50.2 percent, while prices were up 23 percent. The metro area, which is home to nearly 2 million people, had fewer than 900 homes for sale in November.
Wildfires Threaten California Communities Already Facing Inventory Shortages
In parts of Los Angeles, Ventura and Santa Barbara counties, hundreds of homes have been destroyed by wildfires and hundreds more are under threat from fires that remain uncontained. While it is too early to know how many families and homes will be impacted, we do know these counties are already facing a shortage of homes for sale. Families who are displaced by the wildfires will find it challenging to find another home for sale nearby. In Ventura County in November, inventory was down 17.6 percent and prices grew 9.8 percent year over year to a median of $600,000. In Santa Barbara County, inventory was down 23.3 percent and prices grew 6.8 percent year over year to a median of $575,000. The fires will cause further stress in an already tight housing market.
“The fires have had a big impact on the people and communities in and around Ventura, Ojai and Santa Barbara,” said Redfin agent John Venti. “Our already low inventory levels are likely to take a beating in the coming months not only from the loss of homes but also the disruption of life and business in the area. A few prospective home sellers have texted me as they were being evacuated to cancel our listing consultation appointments. But these fires, devastating as they are, are temporary. I’m optimistic that people will resume their holiday festivities and business as usual as soon as the fires are extinguished and the air clears.”
The impact of the October wildfires in Northern California was seen in November market data. In Santa Rosa, one of the hardest hit cities, inventory fell 46.6 percent in November from a year prior, a 27.8 percent drop from October. Across Sonoma County, inventory declined 31.2 percent year over year and prices rose 15.2 percent to a median of $633,000. The typical home in Sonoma County sold for 101.6 percent of the asking price, the highest sale-to-list price ratio since 2013. This spike in competition is unusual for the November market and likely related to the fires.
Home sales were up 8 percent year over year in Santa Rosa and 6.4 percent in Sonoma County in November. December sales in the affected areas may decline as a result of the fire activity.
| Areas Impacted and Threatened by the Thomas Wildfire | ||||||
| County or Zip Code | Location | Median Sale Price (Nov. 2017) | Median Sale Price YoY Change | Homes Sold | Inventory | Inventory YoY Change |
| Santa Barbara County | $575K | 6.8% | 284 | 887 | -23.3% | |
| Ventura County | $600K | 9.8% | 655 | 1,362 | -17.6% | |
| 93001 | Ventura/Casitas Springs | $568K | 5.1% | 64 | 71 | 0.0% |
| 93003 | Ventura | $528K | -1.4% | 133 | 77 | 10.0% |
| 93013 | Carpenteria | $809K | 25.8% | 37 | 51 | -26.1% |
| 93022 | Oak View | $514K | 4.9% | 8 | 19 | -17.4% |
| 93023 | Ojai | $740K | -2.9% | 43 | 81 | -16.5% |
| 93060 | Santa Paula | $452K | 5.4% | 51 | 41 | 2.5% |
| 93105 | Santa Barbara | $989K | 0.4% | 83 | 79 | -12.2% |
| 93108 | Montecito | $2,500K | 19.8% | 41 | 134 | 20.7% |
Median Redfin Estimate Was $251,000 in November
The median value of off-market homes in November was $251,000, as measured by the Redfin Estimate, up 0.7 percent from October. Consistent with October, 42.9 percent of homes listed for sale in November were priced higher than their concurrent Redfin Estimate, a measure of a home’s value and prediction of its eventual sale price. 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.
Other November Highlights
Competition
- The most competitive market in November was San Jose, CA where 75.9% of homes sold above list price, followed by 73.1% in San Francisco, CA, 66.0% in Oakland, CA, 43.5% in Seattle, WA, and 42.0% in Tacoma, WA.
- San Jose, CA and Seattle, WA were the fastest markets at 12 median days on market, followed by Oakland, CA (14), Boston, MA (15) and San Francisco, CA (17).
Prices
- San Jose, CA had the nation’s highest price growth, rising 23% since last year to $1,076,000. San Francisco, CA had the second highest growth at 18.5% year-over-year price growth, followed by Cleveland, OH (15.9%), Seattle, WA (15.4%), and Salt Lake City, UT (13%).
- Honolulu, HI was the only metro with a price decline in November falling 3.2%.
Sales
- 4 out of 73 metros saw sales surge by double digits from last year. Richmond, VA led the nation in year-over-year sales growth, up 14.6%, followed by Honolulu, HI, up 14.2%. Philadelphia, PA rounded out the top three with sales up 10.8% from a year ago.
- Allentown, PA saw the largest decline in sales since last year, falling 13.3%. Home sales in Grand Rapids, MI and Rochester, NY declined by 13.1% and 11.0%, respectively.
Inventory
- San Jose, CA had the largest decrease in overall inventory, falling 50.2% since last November. Atlanta, GA (-32.1%), Buffalo, NY (-30.4%), and Oakland, CA (-29.1%) 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 40.3% year over year, followed by Baton Rouge, LA (10.9%) and Austin, TX (9.1%).
Methodology
The Redfin Real-Time Housing Market Tracker is a monthly analysis of home prices, competition, sales volumes and inventory levels across the markets that Redfin serves nationwide. The analysis is based on data from the Multiple Listing Services of which Redfin is a member. The monthly data may change after publishing as additional real estate transactions are recorded.
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 | $198,100 | 1.1% | 3.5% |
| Allentown, PA | $185,000 | 0.0% | 2.8% |
| Atlanta, GA | $214,000 | -0.9% | 7.0% |
| Austin, TX | $295,000 | 1.7% | 1.4% |
| Bakersfield, CA | $225,000 | 3.7% | 7.1% |
| Baltimore, MD | $255,000 | 2.0% | 2.0% |
| Baton Rouge, LA | $199,000 | -0.5% | 11.2% |
| Birmingham, AL | $185,000 | -2.3% | 8.8% |
| Boston, MA | $452,000 | 2.0% | 6.4% |
| Buffalo, NY | $140,000 | -4.3% | 7.7% |
| Camden, NJ | $167,000 | -1.8% | 1.2% |
| Charlotte, NC | $225,500 | 0.2% | 7.4% |
| Chicago, IL | $220,000 | -1.1% | 3.8% |
| Cincinnati, OH | $171,200 | 7.4% | 10.5% |
| Cleveland, OH | $144,900 | 3.5% | 15.9% |
| Columbus, OH | $188,200 | 0.3% | 7.6% |
| Dallas, TX | $280,000 | 0.7% | 5.7% |
| Denver, CO | $369,200 | -1.5% | 6.4% |
| Detroit, MI | $124,000 | -0.8% | 10.7% |
| Fort Lauderdale, FL | $250,000 | 5.0% | 11.1% |
| Fort Worth, TX | $219,900 | 0.4% | 10.0% |
| Fresno, CA | $260,000 | 4.0% | 11.3% |
| Grand Rapids, MI | $179,900 | 0.8% | 8.4% |
| Greenville, SC | $188,800 | -2.9% | 4.9% |
| Hampton Roads, VA | $224,900 | 1.2% | 2.2% |
| Honolulu, HI | $590,500 | -5.5% | -3.2% |
| Houston, TX | $225,700 | -0.1% | 0.3% |
| Indianapolis, IN | $164,000 | 2.5% | 9.3% |
| Jacksonville, FL | $212,000 | 6.0% | 12.8% |
| Kansas City, MO | $195,000 | 2.6% | 8.4% |
| Knoxville, TN | $186,500 | 3.7% | 9.1% |
| Las Vegas, NV | $248,000 | -0.8% | 12.7% |
| Long Island, NY | $420,000 | -1.2% | 7.4% |
| Los Angeles, CA | $585,000 | 1.7% | 8.3% |
| Louisville, KY | $179,900 | 2.8% | 5.9% |
| Memphis, TN | $165,000 | 3.2% | 3.2% |
| Miami, FL | $280,000 | 0.0% | 7.7% |
| Milwaukee, WI | $190,900 | -3.6% | 3.2% |
| Minneapolis, MN | $245,000 | 0.6% | 5.6% |
| Montgomery County, PA | $291,000 | 0.4% | 3.9% |
| Nashville, TN | $273,000 | 2.1% | 11.5% |
| New Orleans, LA | $202,500 | 1.2% | 5.5% |
| Oakland, CA | $700,000 | 2.4% | 9.5% |
| Oklahoma City, OK | $160,000 | 0.1% | 0.0% |
| Omaha, NE | $178,800 | 2.1% | 0.4% |
| Orange County, CA | $675,000 | 0.7% | 6.3% |
| Orlando, FL | $225,000 | 1.1% | 9.5% |
| Oxnard, CA | $600,000 | 4.3% | 9.6% |
| Philadelphia, PA | $187,500 | 4.2% | 10.4% |
| Phoenix, AZ | $246,000 | -0.8% | 7.0% |
| Pittsburgh, PA | $155,000 | 0.0% | 4.7% |
| Portland, OR | $368,000 | -1.9% | 7.9% |
| Providence, RI | $259,800 | 3.9% | 7.4% |
| Raleigh, NC | $267,500 | 0.9% | 7.0% |
| Richmond, VA | $233,000 | 7.1% | 3.5% |
| Riverside, CA | $340,000 | 0.0% | 6.2% |
| Rochester, NY | $130,000 | -3.7% | 2.8% |
| Sacramento, CA | $375,000 | 0.5% | 8.7% |
| Salt Lake City, UT | $300,000 | 1.7% | 13.0% |
| San Antonio, TX | $212,800 | 6.4% | 7.4% |
| San Diego, CA | $550,000 | 1.9% | 10.6% |
| San Francisco, CA | $1,347,500 | 5.1% | 18.5% |
| San Jose, CA | $1,076,000 | 2.8% | 23.0% |
| Seattle, WA | $525,000 | 2.8% | 15.4% |
| St. Louis, MO | $168,500 | 0.3% | 5.3% |
| Tacoma, WA | $310,000 | -1.4% | 8.8% |
| Tampa, FL | $215,400 | 5.1% | 12.6% |
| Tucson, AZ | $207,600 | 3.9% | 12.2% |
| Tulsa, OK | $159,000 | -1.2% | 3.7% |
| Warren, MI | $194,000 | 2.1% | 8.4% |
| Washington, DC | $390,000 | 4.2% | 8.3% |
| West Palm Beach, FL | $261,600 | 2.6% | 10.8% |
| Worcester, MA | $256,200 | 0.5% | 11.4% |
| National | $291,700 | 1.6% | 7.8% |
Homes Sold
| Redfin Metro | Homes Sold | Month-Over-Month | Year-Over-Year |
|---|---|---|---|
| Albany, NY | 778 | -12.5% | -7.0% |
| Allentown, PA | 663 | -10.3% | -13.3% |
| Atlanta, GA | 8,010 | -11.4% | -0.1% |
| Austin, TX | 2,221 | -8.4% | -1.2% |
| Bakersfield, CA | 650 | -16.7% | -5.9% |
| Baltimore, MD | 3,402 | -9.7% | 3.4% |
| Baton Rouge, LA | 798 | -0.7% | -10.7% |
| Birmingham, AL | 1,179 | 9.8% | -5.4% |
| Boston, MA | 4,379 | 1.9% | 1.0% |
| Buffalo, NY | 911 | -19.1% | -9.4% |
| Camden, NJ | 1,527 | -29.6% | 4.1% |
| Charlotte, NC | 3,009 | -8.8% | 1.0% |
| Chicago, IL | 8,138 | -3.0% | -3.3% |
| Cincinnati, OH | 1,853 | -7.6% | -1.8% |
| Cleveland, OH | 2,230 | -7.6% | 4.4% |
| Columbus, OH | 2,260 | -18.4% | -3.4% |
| Dallas, TX | 4,600 | -3.7% | -0.2% |
| Denver, CO | 4,530 | 0.3% | -1.2% |
| Detroit, MI | 1,595 | -27.3% | -9.0% |
| Fort Lauderdale, FL | 2,560 | -2.0% | -6.0% |
| Fort Worth, TX | 2,410 | -11.9% | -5.7% |
| Fresno, CA | 681 | -16.7% | -3.5% |
| Grand Rapids, MI | 1,164 | -24.3% | -13.1% |
| Greenville, SC | 966 | 5.6% | 6.7% |
| Hampton Roads, VA | 1,757 | -6.5% | 2.1% |
| Honolulu, HI | 926 | -3.7% | 14.2% |
| Houston, TX | 6,245 | -5.2% | 4.3% |
| Indianapolis, IN | 2,529 | -11.7% | 3.9% |
| Jacksonville, FL | 1,826 | -13.9% | -1.8% |
| Kansas City, MO | 2,684 | -4.0% | 3.6% |
| Knoxville, TN | 1,097 | -1.8% | 5.4% |
| Las Vegas, NV | 3,146 | -12.9% | -1.7% |
| Long Island, NY | 2,349 | -25.2% | -6.6% |
| Los Angeles, CA | 5,893 | -6.0% | -3.1% |
| Louisville, KY | 1,158 | -17.3% | -8.9% |
| Memphis, TN | 1,124 | 12.6% | 3.2% |
| Miami, FL | 2,270 | -10.6% | -0.1% |
| Milwaukee, WI | 1,395 | -21.0% | -8.9% |
| Minneapolis, MN | 4,566 | -14.1% | -3.5% |
| Montgomery County, PA | 2,071 | -7.2% | 1.6% |
| Nashville, TN | 2,876 | -7.0% | -3.8% |
| New Orleans, LA | 994 | 1.3% | -7.4% |
| Oakland, CA | 2,257 | -12.4% | -7.0% |
| Oklahoma City, OK | 1,365 | -14.4% | -7.0% |
| Omaha, NE | 986 | -10.4% | -7.8% |
| Orange County, CA | 2,385 | -7.5% | -4.7% |
| Orlando, FL | 3,191 | -10.2% | 4.6% |
| Oxnard, CA | 655 | -5.2% | -1.4% |
| Philadelphia, PA | 1,957 | -13.1% | 10.8% |
| Phoenix, AZ | 7,027 | -3.0% | 5.0% |
| Pittsburgh, PA | 1,928 | -2.7% | 1.2% |
| Portland, OR | 2,953 | -11.2% | -7.9% |
| Providence, RI | 1,712 | -10.7% | 1.2% |
| Raleigh, NC | 2,004 | -1.6% | 10.0% |
| Richmond, VA | 1,375 | -6.7% | 14.6% |
| Riverside, CA | 4,446 | -11.0% | -4.2% |
| Rochester, NY | 883 | -19.0% | -11.0% |
| Sacramento, CA | 2,462 | -10.6% | -7.9% |
| Salt Lake City, UT | 1,480 | -14.2% | -4.5% |
| San Antonio, TX | 1,970 | -12.8% | -5.3% |
| San Diego, CA | 2,725 | -13.5% | -9.6% |
| San Francisco, CA | 1,036 | -5.0% | 2.5% |
| San Jose, CA | 1,195 | -11.5% | -9.8% |
| Seattle, WA | 4,009 | -12.7% | -3.9% |
| St. Louis, MO | 3,131 | -6.3% | 2.4% |
| Tacoma, WA | 1,372 | -9.1% | 7.1% |
| Tampa, FL | 4,887 | 3.8% | 6.1% |
| Tucson, AZ | 1,201 | -7.1% | -5.2% |
| Tulsa, OK | 854 | -11.1% | -9.4% |
| Warren, MI | 3,275 | -22.4% | -0.7% |
| Washington, DC | 6,708 | -11.4% | -0.9% |
| West Palm Beach, FL | 2,207 | -6.8% | -7.3% |
| Worcester, MA | 944 | -0.2% | 8.1% |
| National | 214,100 | -9.0% | -1.3% |
New Listings
| Redfin Metro | New Listings | Month-Over-Month | Year-Over-Year |
|---|---|---|---|
| Albany, NY | 690 | -25.5% | -1.6% |
| Albuquerque, NM | 937 | -19.7% | 9.1% |
| Allentown, PA | 756 | -17.6% | 10.9% |
| Atlanta, GA | 7,603 | -17.7% | 12.5% |
| Austin, TX | 2,397 | -14.1% | 13.7% |
| Bakersfield, CA | 695 | -21.4% | -3.7% |
| Baltimore, MD | 3,136 | -22.4% | 2.8% |
| Baton Rouge, LA | 803 | -18.4% | -9.0% |
| Birmingham, AL | 981 | -23.4% | -7.5% |
| Boston, MA | 3,424 | -26.1% | 8.3% |
| Buffalo, NY | 813 | -22.3% | 5.4% |
| Camden, NJ | 1,634 | -13.2% | 3.9% |
| Charlotte, NC | 2,766 | -15.4% | 6.1% |
| Chicago, IL | 6,893 | -27.8% | -8.4% |
| Cincinnati, OH | 1,643 | -26.8% | -1.7% |
| Cleveland, OH | 1,972 | -26.5% | -4.9% |
| Columbus, OH | 1,888 | -28.9% | -5.9% |
| Dallas, TX | 4,608 | -17.5% | 2.6% |
| Denver, CO | 3,228 | -22.3% | -6.4% |
| Detroit, MI | 1,803 | -20.1% | 8.4% |
| Fort Lauderdale, FL | 3,578 | -6.2% | -4.5% |
| Fort Worth, TX | 2,383 | -19.0% | -3.0% |
| Fresno, CA | 683 | -22.2% | -6.6% |
| Grand Rapids, MI | 1,017 | -22.7% | -6.4% |
| Greenville, SC | 952 | -13.6% | 12.7% |
| Hampton Roads, VA | 1,815 | -13.7% | 0.3% |
| Honolulu, HI | 941 | -16.0% | 10.1% |
| Houston, TX | 6,812 | -15.4% | 3.9% |
| Indianapolis, IN | 2,071 | -22.1% | -4.6% |
| Jacksonville, FL | 2,042 | -10.2% | 8.0% |
| Kansas City, MO | 2,366 | -21.1% | 2.2% |
| Knoxville, TN | 1,055 | -16.8% | 22.5% |
| Las Vegas, NV | 3,016 | -18.7% | -2.3% |
| Long Island, NY | 2,303 | -18.3% | 7.5% |
| Los Angeles, CA | 5,522 | -20.4% | -3.4% |
| Louisville, KY | 1,091 | -25.2% | 4.9% |
| Memphis, TN | 1,030 | -18.7% | 1.0% |
| Miami, FL | 3,881 | -8.2% | -0.6% |
| Milwaukee, WI | 1,044 | -31.5% | -2.3% |
| Minneapolis, MN | 2,919 | -35.3% | -8.2% |
| Montgomery County, PA | 1,647 | -28.7% | -3.7% |
| Nashville, TN | 3,001 | -17.8% | 1.1% |
| New Orleans, LA | 1,201 | -17.1% | 5.9% |
| Oakland, CA | 1,706 | -30.7% | 0.8% |
| Oklahoma City, OK | 1,579 | -11.7% | -2.4% |
| Omaha, NE | 820 | -24.8% | -4.5% |
| Orange County, CA | 2,023 | -22.4% | 0.5% |
| Orlando, FL | 3,550 | -8.5% | 0.0% |
| Oxnard, CA | 645 | -4.9% | 2.5% |
| Philadelphia, PA | 1,954 | -22.9% | 0.4% |
| Phoenix, AZ | 7,601 | -14.6% | -0.2% |
| Pittsburgh, PA | 1,517 | -33.8% | -7.9% |
| Portland, OR | 2,267 | -22.5% | 6.7% |
| Providence, RI | 1,434 | -29.5% | 0.2% |
| Raleigh, NC | 1,590 | -26.8% | -5.8% |
| Richmond, VA | 1,152 | -28.1% | 5.9% |
| Riverside, CA | 4,948 | -11.7% | -0.4% |
| Rochester, NY | 742 | -31.9% | -5.8% |
| Sacramento, CA | 2,194 | -25.5% | 4.9% |
| Salt Lake City, UT | 1,397 | -23.5% | 4.4% |
| San Antonio, TX | 2,178 | -15.8% | 0.8% |
| San Diego, CA | 2,593 | -18.7% | 4.0% |
| San Francisco, CA | 695 | -38.1% | 18.0% |
| San Jose, CA | 915 | -23.5% | 8.4% |
| Seattle, WA | 2,768 | -31.4% | 3.2% |
| St. Louis, MO | 3,079 | -19.3% | 7.4% |
| Tacoma, WA | 942 | -28.6% | 1.0% |
| Tampa, FL | 5,167 | -8.0% | -1.7% |
| Tucson, AZ | 1,296 | -17.8% | -2.5% |
| Tulsa, OK | 979 | -16.0% | -3.1% |
| Warren, MI | 2,669 | -27.6% | -7.4% |
| Washington, DC | 5,760 | -26.5% | -2.2% |
| West Palm Beach, FL | 3,740 | -7.7% | 3.1% |
| Worcester, MA | 728 | -27.8% | 6.9% |
| National | 207,900 | -19.7% | 1.1% |
All Homes for Sale
| Redfin Metro | All Homes for Sale | Month-Over-Month | Year-Over-Year |
|---|---|---|---|
| Albany, NY | 2,645 | -11.8% | -27.1% |
| Albuquerque, NM | 4,225 | -6.4% | -10.4% |
| Allentown, PA | 2,413 | -18.6% | -21.9% |
| Atlanta, GA | 22,366 | -13.8% | -32.1% |
| Austin, TX | 6,779 | -11.7% | 9.1% |
| Bakersfield, CA | 1,944 | -9.9% | -15.9% |
| Baltimore, MD | 9,530 | -11.5% | -15.4% |
| Baton Rouge, LA | 3,250 | -12.1% | 10.9% |
| Birmingham, AL | 4,770 | -8.8% | -14.0% |
| Boston, MA | 6,575 | -17.9% | -17.7% |
| Buffalo, NY | 1,983 | -12.5% | -30.4% |
| Camden, NJ | 7,354 | -3.5% | -3.3% |
| Charlotte, NC | 10,783 | -7.0% | -5.9% |
| Chicago, IL | 33,242 | -12.7% | -13.7% |
| Cincinnati, OH | 6,850 | -8.3% | -13.3% |
| Cleveland, OH | 7,955 | -10.6% | -14.5% |
| Columbus, OH | 5,753 | -12.2% | -14.1% |
| Dallas, TX | 12,080 | -14.2% | 3.7% |
| Denver, CO | 5,139 | -19.4% | -17.7% |
| Detroit, MI | 4,351 | -7.6% | -8.1% |
| Fort Lauderdale, FL | 12,294 | -4.5% | -11.5% |
| Fort Worth, TX | 5,364 | -15.6% | -13.0% |
| Fresno, CA | 1,449 | -10.8% | -17.0% |
| Grand Rapids, MI | 2,358 | -15.1% | -11.1% |
| Greenville, SC | 3,616 | -4.8% | -7.8% |
| Hampton Roads, VA | 7,146 | -7.2% | -10.1% |
| Honolulu, HI | 2,920 | -7.0% | -0.7% |
| Houston, TX | 22,936 | -7.2% | -3.7% |
| Indianapolis, IN | 6,247 | -12.0% | -23.4% |
| Jacksonville, FL | 5,838 | -6.7% | -15.1% |
| Knoxville, TN | 4,364 | -8.3% | -7.4% |
| Las Vegas, NV | 8,940 | -7.3% | -25.8% |
| Long Island, NY | 9,344 | -7.9% | -15.3% |
| Los Angeles, CA | 13,453 | -14.3% | -23.7% |
| Louisville, KY | 3,075 | -9.1% | -6.5% |
| Memphis, TN | 3,045 | -7.9% | -18.9% |
| Miami, FL | 17,420 | -0.7% | -6.2% |
| Milwaukee, WI | 4,897 | -13.9% | -17.7% |
| Minneapolis, MN | 8,721 | -21.0% | -21.2% |
| Montgomery County, PA | 7,112 | -9.5% | -3.7% |
| Nashville, TN | 9,233 | -4.0% | 1.8% |
| New Orleans, LA | 5,528 | -7.7% | -0.7% |
| Oakland, CA | 1,937 | -27.7% | -29.1% |
| Oklahoma City, OK | 5,642 | -6.5% | -9.5% |
| Omaha, NE | 1,695 | -14.8% | -22.7% |
| Orange County, CA | 5,634 | -14.9% | -23.2% |
| Orlando, FL | 8,996 | -7.3% | -18.7% |
| Oxnard, CA | 1,363 | -11.1% | -17.6% |
| Philadelphia, PA | 7,297 | -6.9% | -7.6% |
| Phoenix, AZ | 19,383 | -5.4% | -15.5% |
| Pittsburgh, PA | 9,143 | -8.8% | -11.7% |
| Portland, OR | 4,987 | -17.0% | -7.6% |
| Providence, RI | 5,070 | -10.8% | -15.3% |
| Raleigh, NC | 5,583 | -22.1% | -10.3% |
| Richmond, VA | 3,128 | -13.1% | -17.5% |
| Riverside, CA | 13,584 | -7.0% | -22.2% |
| Rochester, NY | 2,025 | -9.8% | -28.1% |
| Sacramento, CA | 4,228 | -18.4% | -14.6% |
| Salt Lake City, UT | 4,665 | 8.6% | 40.3% |
| San Antonio, TX | 7,445 | -8.4% | -1.6% |
| San Diego, CA | 4,796 | -14.6% | -20.2% |
| San Francisco, CA | 1,071 | -24.4% | -22.7% |
| San Jose, CA | 860 | -23.0% | -50.2% |
| Seattle, WA | 3,357 | -28.8% | -27.2% |
| St. Louis, MO | 12,790 | -0.4% | 5.2% |
| Tacoma, WA | 1,818 | -20.5% | -25.2% |
| Tampa, FL | 11,642 | -4.1% | -19.3% |
| Tucson, AZ | 4,413 | -5.0% | -8.2% |
| Tulsa, OK | 3,769 | -13.6% | -8.2% |
| Warren, MI | 7,086 | -13.7% | -17.1% |
| Washington, DC | 15,010 | -17.0% | -12.3% |
| West Palm Beach, FL | 13,807 | 2.5% | -3.2% |
| Worcester, MA | 1,802 | -16.3% | -24.5% |
| National | 653,400 | -9.2% | -12.8% |
Median Off-Market Redfin Estimate
| Redfin Metro | Estimate | Month-Over-Month |
|---|---|---|
| Albany, NY | $204,600 | 1.0% |
| Allentown, PA | $194,400 | 0.4% |
| Atlanta, GA | $188,900 | 0.5% |
| Austin, TX | $288,100 | -0.3% |
| Bakersfield, CA | $198,400 | 0.4% |
| Baltimore, MD | $243,800 | 0.4% |
| Baton Rouge, LA | $152,300 | 0.7% |
| Birmingham, AL | $138,200 | 0.8% |
| Boston, MA | $455,700 | 0.6% |
| Buffalo, NY | $145,200 | 1.4% |
| Camden, NJ | $185,900 | 0.6% |
| Charlotte, NC | $174,000 | 1.3% |
| Chicago, IL | $231,000 | 0.6% |
| Cincinnati, OH | $152,700 | 0.6% |
| Cleveland, OH | $129,600 | 0.7% |
| Columbus, OH | $167,700 | 0.9% |
| Dallas, TX | $233,800 | 0.7% |
| Denver, CO | $373,800 | 0.5% |
| Detroit, MI | $80,700 | 3.0% |
| Fort Lauderdale, FL | $237,600 | 0.7% |
| Fort Worth, TX | $189,700 | 0.8% |
| Fresno, CA | $231,800 | 1.3% |
| Grand Rapids, MI | $145,400 | 0.1% |
| Greenville, SC | $151,600 | 0.8% |
| Hampton Roads, VA | $212,700 | 0.3% |
| Honolulu, HI | $662,600 | 0.2% |
| Houston, TX | $191,700 | 0.4% |
| Indianapolis, IN | $144,400 | 1.0% |
| Jacksonville, FL | $193,000 | 1.8% |
| Kansas City, MO | $170,600 | 1.3% |
| Knoxville, TN | $135,600 | 0.8% |
| Las Vegas, NV | $228,800 | 1.6% |
| Long Island, NY | $410,200 | 1.1% |
| Los Angeles, CA | $574,100 | 0.8% |
| Louisville, KY | $154,300 | 0.6% |
| Memphis, TN | $122,900 | 1.5% |
| Miami, FL | $271,500 | 0.5% |
| Milwaukee, WI | $189,100 | 0.6% |
| Minneapolis, MN | $240,200 | 0.6% |
| Montgomery County, PA | $304,300 | 0.5% |
| Nashville, TN | $219,000 | 1.1% |
| New Orleans, LA | $175,200 | 0.6% |
| Oakland, CA | $701,800 | 0.6% |
| Oklahoma City, OK | $135,200 | -0.8% |
| Omaha, NE | $156,800 | 0.2% |
| Orange County, CA | $670,000 | 0.7% |
| Orlando, FL | $207,700 | 0.8% |
| Oxnard, CA | $571,000 | 0.7% |
| Philadelphia, PA | $182,100 | 0.2% |
| Phoenix, AZ | $244,200 | 0.6% |
| Pittsburgh, PA | $134,900 | 0.2% |
| Portland, OR | $369,200 | -1.1% |
| Providence, RI | $275,000 | 1.2% |
| Raleigh, NC | $242,500 | 0.5% |
| Richmond, VA | $205,800 | 0.5% |
| Riverside, CA | $332,100 | 0.8% |
| Rochester, NY | $135,400 | 0.8% |
| Sacramento, CA | $375,400 | 0.5% |
| Salt Lake City, UT | $292,300 | 0.9% |
| San Antonio, TX | $175,200 | 0.6% |
| San Diego, CA | $551,500 | 0.6% |
| San Francisco, CA | $1,200,400 | 0.2% |
| San Jose, CA | $1,037,700 | 1.4% |
| Seattle, WA | $503,500 | 1.1% |
| St. Louis, MO | $146,400 | 1.2% |
| Tacoma, WA | $304,000 | 1.0% |
| Tampa, FL | $195,100 | 0.7% |
| Tucson, AZ | $189,000 | 0.7% |
| Tulsa, OK | $133,500 | -0.7% |
| Warren, MI | $194,900 | 1.0% |
| Washington, DC | $371,300 | 0.3% |
| West Palm Beach, FL | $245,600 | 0.3% |
| Worcester, MA | $262,600 | 0.9% |
| National | $250,600 | 0.7% |
United States
Canada