Home Prices up 3.4 Percent in June as Supply Flattens
U.S. home-sale prices rose again in June, growing 3.4 percent from a year ago to a median of $321,200 across the metros Redfin tracks.
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.
Email TimU.S. home-sale prices rose again in June, growing 3.4 percent from a year ago to a median of $321,200 across the metros Redfin tracks.
The housing market in San Francisco tapped the brakes in June as just 28 percent of offers written by Redfin agents on behalf of their home-buying customers faced a bidding war.
The number of homes for sale nationally fell 0.3 percent year over year in late June—the first annual decline since inventory started climbing in September.
U.S. home-sale prices edged up again in May, growing 3.6 percent from a year ago to a median of $315,700 across the metros Redfin tracks.
The housing market in San Francisco is quickly heating back up—35 percent of offers in May faced a bidding war
Although the housing market is beginning to heat back up this spring, more buyers who need to sell their own home are making offers with sale contingencies than a year ago.
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