Home Sales Fell 4% in March as Buying Costs Shot Up

The hottest March on record ended with early signs of a cooldown as more buyers were edged out by soaring mortgage rates, sky-high prices and few new listings.

It was the hottest March ever for the housing market, with homes selling at their fastest pace and for more above list price than any other March on record. The median home-sale price rose 6.2% in March, the fastest month-over-month gain at this time of year since 2013, to an all-time high of $412,700. Seasonally adjusted home sales fell 4% as soaring mortgage rates and prices sidelined more buyers, whose options were severely limited due to a decline in homes being listed.

“Although pricey coastal markets began showing early signs of a slowdown in late March, nationwide sales data for the full month reflects the hottest March market on record, since homes that sold last month mostly went under contract in February,” said Redfin chief economist Daryl Fairweather. “We expect the combination of surging mortgage rates and record-high home prices to cause more homebuyers to drop out of the market. Unfortunately, homeowners are turning their back on the market too. Instead of being motivated to list before prices weaken, potential home sellers may be choosing to wait-out the impending market cooldown.”

Market Summary	March 2022	Month-Over-Month	Year-Over-Year
Median sale price	$412,700	6.2%	17.3%
Homes sold, seasonally-adjusted	574,200	-3.7%	-8.1%
Pending sales, seasonally-adjusted	534,600	-3.6%	-6.1%
New listings, seasonally-adjusted	594,700	-1.1%	-6.2%
All Homes for sale, seasonally-adjusted	1,336,900	-1.9%	-12.6%
Median days on market	20	-5	-6
Months of supply	1.1	-0.3	-0.1
Sold above list	54.3%	7.0 pts†	12.3 pts†
Median Off-Market Redfin Estimate	$408,900	0.6%	21.7%
Average Sale-to-list	102.4%	1.2 pts†	1.9 pts†
Average 30-year fixed mortgage rate	4.17%	+0.41 pts†	+1.09 pts†

“Everyone is watching mortgage rates right now. Buyers using traditional financing are worried about being priced out, but all-cash buyers are rubbing their hands together, thinking that high rates will dry up the competition and they will be able to swoop in and bid unopposed,” said Redfin Austin real estate agent Chris Lefforge. “However, the biggest effect I’m seeing right now has been on investors. With prices rising so fast, the return on investment is falling fast. Higher monthly payments are starting to push Austin-area investors into other less expensive markets or out of the market altogether.”

Median sale prices increased from a year earlier in all of the 88 largest metro areas Redfin tracks. The largest price increases were in Tampa, FL (+29%), Phoenix, AZ (+27%) and McAllen, TX (+27%).

Seasonally-adjusted home sales in March were down 4% from a month earlier and down 8% from a year earlier. Home sales fell from the prior year in 79 of the 88 largest metro areas Redfin tracks. The biggest sales declines were in North Port, FL (-30%), West Palm Beach, FL (-24%) and Lake County, IL (-21%). The largest gains were in Fresno, CA (+6%), Philadelphia (+6%) and Oxnard, CA (+3%).

Seasonally adjusted active listings—the count of all homes that were for sale at any time during the month—fell 13% year over year to an all-time low in March.

82 of the 88 largest metros tracked by Redfin posted year-over-year decreases in the number of seasonally adjusted active listings of homes for sale. The biggest year-over-year declines in active housing supply in March were in Allentown, PA (-47%), Greensboro, NC (-41%) and Fort Lauderdale, FL (-37%). The only metro areas where the number of homes for sale increased were Elgin, IL (+29%), Chicago, IL (+13%), Detroit, MI (+13%) and Lake County, IL (+5%).

New listings fell from a year ago in 69 of the 88 largest metro areas. The largest declines were in Allentown, PA (-56%), Greensboro, NC (-39%) and Honolulu (-25%). New listings rose the most in McAllen, TX (+17%), Rochester, NY (+7%) and Detroit, MI (+7%).

Home sales that closed in March (which mostly went under contract in February) spent less time on the market and sold for further above list price than a year ago.

The typical home that sold in March went under contract in 20 days—six days faster than a year earlier–and the shortest time on market ever for March.

Fifty-four percent of homes sold above list price, up 12 percentage points from a year earlier, and the highest March level on record.

The average sale-to-list price ratio in March was 102.4%, up from 100.6% a year earlier, another record-high for this time of year.

Other March Highlights

Competition

• Denver, Indianapolis, Tacoma, WA and Seattle were the fastest markets, with half of all homes pending sale in just 5 days, followed by North Port, FL at 6 days.
• The most competitive market in March was San Jose, CA where 89.5% of homes sold above list price, followed by 86.7% in Oakland, CA, 76.6% in San Francisco, 75.7% in Denver, and 73.2% in Seattle.

Prices

• Tampa, FL had the nation’s highest price growth, rising 29.2% since last year to $363,750. Phoenix had the second highest growth at 27.4% year-over-year price growth, followed by McAllen, TX (27.3%), Raleigh, NC (27.2%), and Las Vegas (27.2%).
• No metro areas saw price declines in March.

Sales

• Fresno, CA led the nation in year-over-year sales growth, up 6.1%, followed by Philadelphia, up 5.8%. Oxnard, CA rounded out the top three with sales up 3.3% from a year ago.
• North Port, FL saw the largest decline in sales since last year, falling 29.6%. Home sales in West Palm Beach, FL and Lake County, IL declined by 24.3% and 21.0%, respectively.

Inventory

• Elgin, IL had the highest increase in the number of homes for sale, up 29.5% year over year.
• Allentown, PA had the largest decrease in overall active listings, falling 47.5% since last March. Greensboro, NC (-40.9%), Fort Lauderdale, FL (-37.2%), and Bridgeport, CT (-34.5%) also saw far fewer homes available on the market than a year ago.

Redfin Estimate

• Miami (45.7%) had the largest share of homes predicted to sell for below list price, according to Redfin Estimate data, followed by Baton Rouge, LA (41.1%) and Fort Lauderdale, FL (35.0%).
• Oakland, CA (93.3%) had the largest share of homes predicted to sell at or above list price, followed by Seattle (93.3%) and San Jose, CA (92.5%).

Below are market-by-market breakdowns for prices, inventory, new listings and sales for markets with populations of 750,000 or more. For downloadable data on all of the markets Redfin tracks, visit the Redfin Data Center. Refer to our metrics definition page for explanations of all the metrics used in this report.

Median Sale Price

Redfin Metro	Median Sale Price	Month-Over-Month	Year-Over-Year
Albany, NY	$263,500	2.7%	8.9%
Allentown, PA	$285,000	7.5%	18.8%
Anaheim, CA	$1,040,000	4.2%	22.2%
Atlanta, GA	$368,000	3.7%	21.8%
Austin, TX	$525,000	5.0%	22.9%
Bakersfield, CA	$350,000	2.4%	16.7%
Baltimore, MD	$335,000	6.3%	6.3%
Baton Rouge, LA	$252,500	-1.0%	8.0%
Birmingham, AL	$275,000	3.0%	10.0%
Boston, MA	$640,000	7.6%	11.0%
Bridgeport, CT	$499,500	11.0%	8.6%
Buffalo, NY	$193,100	-1.5%	10.3%
Camden, NJ	$275,000	3.8%	16.3%
Charleston, SC	$395,000	3.9%	16.2%
Charlotte, NC	$379,300	3.4%	21.6%
Chicago, IL	$310,000	6.7%	3.3%
Cincinnati, OH	$248,000	6.7%	11.2%
Cleveland, OH	$190,000	6.7%	13.9%
Columbus, OH	$291,500	7.7%	14.3%
Dallas, TX	$420,000	5.1%	22.0%
Dayton, OH	$177,500	3.5%	10.9%
Denver, CO	$600,600	5.4%	21.3%
Detroit, MI	$166,000	0.6%	6.1%
El Paso, TX	$225,000	0.0%	20.5%
Elgin, IL	$286,200	4.1%	6.0%
Fort Lauderdale, FL	$370,000	2.5%	15.1%
Fort Worth, TX	$352,000	1.3%	22.6%
Frederick, MD	$510,000	5.2%	8.5%
Fresno, CA	$400,000	3.5%	17.6%
Grand Rapids, MI	$290,000	3.6%	15.1%
Greensboro, NC	$245,000	5.4%	21.0%
Greenville, SC	$300,000	3.3%	20.0%
Hartford, CT	$270,000	1.9%	8.0%
Houston, TX	$330,000	1.5%	14.4%
Indianapolis, IN	$260,000	4.0%	15.6%
Jacksonville, FL	$350,000	4.9%	25.0%
Kansas City, MO	$290,000	7.4%	10.7%
Knoxville, TN	$319,000	3.6%	23.3%
Lake County, IL	$291,000	7.8%	3.3%
Las Vegas, NV	$430,000	1.4%	27.2%
Los Angeles, CA	$872,500	3.9%	12.6%
Louisville, KY	$235,000	1.2%	8.9%
McAllen, TX	$210,000	7.3%	27.3%
Memphis, TN	$277,900	5.9%	18.3%
Miami, FL	$466,000	3.8%	19.8%
Milwaukee, WI	$255,800	6.1%	5.2%
Minneapolis, MN	$355,000	2.9%	7.6%
Montgomery County, PA	$400,000	4.5%	8.1%
Nashville, TN	$430,000	2.4%	23.9%
Nassau County, NY	$599,000	2.4%	12.2%
New Brunswick, NJ	$425,000	0.0%	9.0%
New Haven, CT	$280,000	3.7%	9.8%
New Orleans, LA	$280,000	-1.8%	7.0%
New York, NY	$677,700	1.1%	7.7%
Newark, NJ	$470,000	5.3%	10.6%
North Port, FL	$444,500	4.6%	27.0%
Oakland, CA	$980,000	6.5%	10.1%
Oklahoma City, OK	$245,000	4.3%	12.9%
Omaha, NE	$277,000	9.9%	13.1%
Orlando, FL	$377,000	4.7%	25.7%
Oxnard, CA	$820,000	1.7%	13.9%
Philadelphia, PA	$265,000	6.6%	2.3%
Phoenix, AZ	$470,000	3.3%	27.4%
Pittsburgh, PA	$213,500	6.8%	1.7%
Portland, OR	$550,000	4.8%	15.2%
Providence, RI	$385,000	1.3%	13.6%
Raleigh, NC	$419,900	5.2%	27.2%
Richmond, VA	$340,000	6.2%	13.3%
Riverside, CA	$560,000	2.2%	19.1%
Rochester, NY	$185,000	4.5%	14.3%
Sacramento, CA	$610,000	6.1%	17.3%
Salt Lake City, UT	$540,000	4.9%	24.1%
San Antonio, TX	$320,000	4.6%	20.8%
San Diego, CA	$850,000	6.1%	21.4%
San Francisco, CA	$1,580,000	3.5%	10.5%
San Jose, CA	$1,560,000	8.0%	17.7%
Seattle, WA	$820,000	9.3%	17.3%
St. Louis, MO	$225,000	4.7%	6.4%
Tacoma, WA	$551,000	4.3%	17.2%
Tampa, FL	$363,800	3.7%	29.2%
Tucson, AZ	$340,000	1.5%	19.3%
Tulsa, OK	$235,500	4.7%	9.5%
Honolulu, HI	$705,600	4.5%	14.7%
Virginia Beach, VA	$296,100	3.9%	11.3%
Warren, MI	$262,000	4.8%	7.2%
Washington, DC	$525,000	6.5%	9.4%
West Palm Beach, FL	$416,600	4.1%	20.8%
Worcester, MA	$360,000	2.9%	10.3%
National	$412,700	6.2%	17.3%

Homes Sold

Redfin Metro	Homes Sold	Month-Over-Month	Year-Over-Year
Albany, NY	701	19.0%	-18.1%
Allentown, PA	712	33.6%	-4.9%
Anaheim, CA	2,706	50.2%	-16.8%
Atlanta, GA	9,748	24.8%	-9.3%
Austin, TX	3,131	24.2%	-9.7%
Bakersfield, CA	857	30.4%	-5.1%
Baltimore, MD	3,775	33.0%	-3.1%
Baton Rouge, LA	1,120	17.3%	-9.5%
Birmingham, AL	1,531	37.9%	-8.7%
Boston, MA	3,090	43.1%	-14.1%
Bridgeport, CT	1,002	30.3%	-20.0%
Buffalo, NY	720	1.3%	-14.1%
Camden, NJ	1,455	24.1%	-13.9%
Charleston, SC	1,767	37.8%	-12.4%
Charlotte, NC	4,248	20.5%	-6.5%
Chicago, IL	8,632	40.1%	-7.1%
Cincinnati, OH	2,487	29.1%	-7.2%
Cleveland, OH	2,214	27.8%	-9.6%
Columbus, OH	2,323	24.6%	-4.8%
Dallas, TX	5,637	26.0%	-6.3%
Dayton, OH	921	24.6%	-3.3%
Denver, CO	4,636	36.2%	-8.6%
Detroit, MI	1,654	18.8%	-5.2%
El Paso, TX	870	17.6%	-5.2%
Elgin, IL	912	37.8%	-12.1%
Fort Lauderdale, FL	3,753	30.4%	-15.1%
Fort Worth, TX	2,813	23.1%	-3.6%
Frederick, MD	1,454	30.8%	-7.7%
Fresno, CA	786	30.1%	6.1%
Grand Rapids, MI	939	18.6%	-17.6%
Greensboro, NC	926	22.0%	-13.2%
Greenville, SC	1,339	31.8%	-1.4%
Hartford, CT	1,168	27.0%	-12.2%
Houston, TX	9,987	28.6%	1.8%
Indianapolis, IN	2,776	20.1%	-2.4%
Jacksonville, FL	3,031	21.8%	-11.1%
Kansas City, MO	2,776	31.6%	0.6%
Knoxville, TN	1,135	20.9%	-10.6%
Lake County, IL	970	25.5%	-21.0%
Las Vegas, NV	4,240	29.0%	-12.2%
Los Angeles, CA	6,589	40.6%	-7.4%
Louisville, KY	1,598	25.8%	-2.6%
McAllen, TX	431	12.8%	-14.5%
Memphis, TN	1,455	20.7%	1.0%
Miami, FL	3,895	27.7%	-4.2%
Milwaukee, WI	1,622	39.3%	-0.9%
Minneapolis, MN	4,054	40.4%	-9.5%
Montgomery County, PA	1,846	32.5%	-7.9%
Nashville, TN	3,510	26.1%	-3.5%
Nassau County, NY	2,341	6.5%	-17.8%
New Brunswick, NJ	2,659	25.1%	-16.6%
New Haven, CT	891	28.6%	-8.7%
New Orleans, LA	1,382	22.7%	-12.2%
New York, NY	6,483	18.1%	-4.6%
Newark, NJ	1,803	22.5%	-19.0%
North Port, FL	2,370	27.0%	-29.6%
Oakland, CA	2,781	63.8%	-0.1%
Oklahoma City, OK	2,024	25.0%	-6.7%
Omaha, NE	971	22.1%	-0.5%
Orlando, FL	4,772	24.0%	-9.3%
Oxnard, CA	808	54.5%	3.3%
Philadelphia, PA	2,389	32.3%	5.8%
Phoenix, AZ	9,557	24.1%	-2.2%
Pittsburgh, PA	2,111	25.5%	-8.1%
Portland, OR	3,501	35.1%	2.8%
Providence, RI	1,437	19.7%	-14.6%
Raleigh, NC	2,267	22.8%	-10.3%
Richmond, VA	1,701	46.0%	-9.0%
Riverside, CA	6,076	35.0%	-2.4%
Rochester, NY	694	29.7%	-11.7%
Sacramento, CA	2,668	29.6%	-2.2%
Salt Lake City, UT	1,284	26.6%	-11.4%
San Antonio, TX	3,032	22.1%	-10.6%
San Diego, CA	3,162	31.3%	-7.1%
San Francisco, CA	1,253	67.1%	-4.2%
San Jose, CA	1,589	65.3%	0.4%
Seattle, WA	4,396	60.5%	-2.2%
St. Louis, MO	3,167	28.5%	-8.5%
Tacoma, WA	1,370	44.7%	-3.5%
Tampa, FL	6,612	22.9%	-7.0%
Tucson, AZ	1,815	21.6%	-5.3%
Tulsa, OK	1,364	27.2%	-0.6%
Honolulu, HI	906	30.9%	1.3%
Virginia Beach, VA	2,725	29.0%	-1.2%
Warren, MI	2,993	26.0%	-7.3%
Washington, DC	6,517	36.9%	-6.2%
West Palm Beach, FL	3,321	23.5%	-24.3%
Worcester, MA	751	22.9%	-8.6%
National	574,200	-3.7%	-8.1%

New Listings

Redfin Metro	New Listings	Month-Over-Month	Year-Over-Year
Albany, NY	1,011	36.4%	-13.2%
Allentown, PA	461	-20.1%	-56.3%
Anaheim, CA	2,990	15.6%	-17.7%
Atlanta, GA	10,268	20.0%	-13.2%
Austin, TX	4,066	47.6%	-1.3%
Bakersfield, CA	998	19.0%	-5.4%
Baltimore, MD	4,711	43.8%	-4.0%
Birmingham, AL	1,413	8.2%	-18.2%
Boston, MA	5,803	69.7%	-4.5%
Bridgeport, CT	1,433	41.3%	-23.1%
Buffalo, NY	1,079	60.6%	-5.9%
Camden, NJ	1,973	39.2%	-7.7%
Charleston, SC	1,890	26.6%	-9.0%
Charlotte, NC	3,942	31.7%	-19.7%
Chicago, IL	11,473	33.0%	-15.3%
Cincinnati, OH	3,110	49.1%	-4.3%
Cleveland, OH	2,921	45.9%	-7.4%
Columbus, OH	2,969	48.9%	0.1%
Dallas, TX	6,783	39.2%	-4.4%
Dayton, OH	1,216	53.1%	-0.2%
Denver, CO	5,757	41.9%	4.3%
Detroit, MI	2,322	34.8%	6.8%
El Paso, TX	1,004	24.9%	0.5%
Elgin, IL	1,084	30.0%	-19.6%
Fort Lauderdale, FL	3,434	3.1%	-23.6%
Fort Worth, TX	3,329	42.9%	-1.5%
Frederick, MD	1,929	41.1%	-9.8%
Fresno, CA	906	19.4%	2.0%
Grand Rapids, MI	1,342	57.1%	-5.6%
Greensboro, NC	651	1.6%	-39.2%
Greenville, SC	1,330	9.3%	-5.7%
Hartford, CT	1,648	48.9%	-16.0%
Houston, TX	11,113	24.0%	2.4%
Indianapolis, IN	3,531	45.8%	2.8%
Jacksonville, FL	3,107	17.2%	-14.8%
Kansas City, MO	3,484	30.3%	-12.0%
Knoxville, TN	1,151	21.2%	-6.7%
Lake County, IL	1,372	42.2%	-18.7%
Las Vegas, NV	4,519	17.9%	-3.4%
Los Angeles, CA	7,243	11.5%	-15.2%
Louisville, KY	1,963	44.7%	-1.2%
McAllen, TX	621	26.5%	17.2%
Memphis, TN	1,714	29.0%	4.0%
Miami, FL	4,102	6.5%	-13.4%
Milwaukee, WI	1,816	23.1%	-17.5%
Minneapolis, MN	6,044	45.1%	-5.6%
Montgomery County, PA	2,541	36.6%	-12.8%
Nashville, TN	3,787	36.3%	-0.6%
Nassau County, NY	3,589	46.5%	1.1%
New Brunswick, NJ	3,902	41.2%	-8.6%
New Haven, CT	1,230	49.6%	-12.1%
New Orleans, LA	1,885	37.5%	1.1%
New York, NY	10,807	40.8%	2.6%
Newark, NJ	2,725	31.7%	-14.5%
North Port, FL	2,790	21.0%	-1.5%
Oakland, CA	3,352	25.3%	-0.7%
Oklahoma City, OK	2,463	42.6%	-0.3%
Omaha, NE	1,275	25.9%	-10.4%
Orlando, FL	5,065	15.7%	0.1%
Oxnard, CA	890	24.5%	-7.6%
Philadelphia, PA	3,195	28.6%	-3.4%
Phoenix, AZ	9,252	15.0%	-8.5%
Pittsburgh, PA	2,848	49.4%	-4.1%
Portland, OR	4,080	28.5%	-0.1%
Providence, RI	2,014	47.7%	-12.2%
Raleigh, NC	2,480	25.3%	-9.5%
Richmond, VA	1,977	22.8%	-11.5%
Riverside, CA	6,473	16.3%	-1.6%
Rochester, NY	1,231	71.2%	7.4%
Sacramento, CA	3,321	28.4%	2.0%
San Antonio, TX	3,451	20.5%	-2.7%
San Diego, CA	3,477	17.4%	-10.7%
San Francisco, CA	1,284	3.0%	-13.8%
San Jose, CA	1,844	17.8%	-8.5%
Seattle, WA	5,700	43.8%	2.2%
St. Louis, MO	3,604	46.1%	-14.1%
Tacoma, WA	1,788	32.5%	3.3%
Tampa, FL	6,768	18.6%	-3.6%
Tucson, AZ	1,739	13.4%	-9.1%
Tulsa, OK	1,544	37.0%	-6.3%
Honolulu, HI	773	-4.4%	-24.5%
Virginia Beach, VA	3,178	29.1%	-5.9%
Warren, MI	3,929	49.7%	-1.1%
Washington, DC	8,145	35.4%	-10.1%
West Palm Beach, FL	3,855	18.5%	-7.4%
Worcester, MA	1,149	59.4%	-9.5%
National	594,700	-1.1%	-6.2%

All Homes for Sale

Redfin Metro	All Homes for Sale	Month-Over-Month	Year-Over-Year
Albany, NY	2,137	10.3%	-19.5%
Allentown, PA	1,036	-15.7%	-47.5%
Anaheim, CA	5,614	15.8%	-30.2%
Atlanta, GA	19,107	5.5%	-17.6%
Austin, TX	6,950	20.3%	-2.5%
Bakersfield, CA	1,910	12.2%	-7.3%
Baltimore, MD	8,231	16.0%	-9.3%
Birmingham, AL	3,535	6.1%	-28.7%
Boston, MA	9,092	38.6%	-17.0%
Bridgeport, CT	3,297	14.8%	-34.5%
Buffalo, NY	1,777	25.1%	-8.9%
Camden, NJ	3,747	16.4%	-12.8%
Charleston, SC	4,393	14.0%	-23.8%
Charlotte, NC	7,945	8.3%	-30.9%
Chicago, IL	31,414	22.3%	13.5%
Cincinnati, OH	6,732	16.1%	-11.5%
Cleveland, OH	5,835	13.5%	-15.4%
Columbus, OH	5,940	17.3%	-5.5%
Dallas, TX	11,321	16.9%	-18.8%
Dayton, OH	2,143	18.9%	-8.3%
Denver, CO	7,260	30.5%	-7.3%
Detroit, MI	5,113	13.4%	12.6%
El Paso, TX	2,161	9.0%	-22.3%
Elgin, IL	2,757	21.9%	29.5%
Fort Lauderdale, FL	9,567	-1.1%	-37.2%
Fort Worth, TX	5,675	14.4%	-13.4%
Frederick, MD	3,025	22.7%	-17.6%
Fresno, CA	1,487	10.9%	-0.9%
Grand Rapids, MI	1,910	32.6%	-16.8%
Greensboro, NC	1,466	-7.6%	-40.9%
Greenville, SC	3,141	4.8%	-23.4%
Hartford, CT	3,227	15.7%	-30.0%
Houston, TX	23,102	4.7%	-8.4%
Indianapolis, IN	5,302	18.9%	-9.5%
Jacksonville, FL	6,000	2.3%	-23.0%
Kansas City, MO	6,201	13.0%	-15.9%
Knoxville, TN	2,822	6.6%	-21.4%
Lake County, IL	3,376	24.0%	5.0%
Las Vegas, NV	8,696	6.7%	-12.9%
Los Angeles, CA	16,150	7.2%	-23.5%
Louisville, KY	3,391	15.7%	-15.9%
McAllen, TX	1,714	4.8%	-11.9%
Memphis, TN	3,400	10.4%	-13.6%
Miami, FL	12,867	-3.2%	-29.6%
Milwaukee, WI	4,731	11.1%	-9.3%
Minneapolis, MN	10,378	23.6%	-5.9%
Montgomery County, PA	4,360	19.9%	-18.8%
Nashville, TN	7,001	15.8%	-15.9%
Nassau County, NY	7,582	16.1%	-19.5%
New Brunswick, NJ	8,703	16.9%	-3.9%
New Haven, CT	2,555	13.5%	-25.6%
New Orleans, LA	3,650	15.0%	-18.6%
New York, NY	32,250	12.8%	-9.0%
Newark, NJ	6,131	18.1%	-16.3%
North Port, FL	4,129	11.9%	-19.1%
Oakland, CA	4,969	23.4%	-3.5%
Oklahoma City, OK	4,039	12.8%	-8.7%
Omaha, NE	1,851	16.1%	-17.5%
Orlando, FL	8,283	6.0%	-19.6%
Oxnard, CA	1,757	18.0%	-13.4%
Philadelphia, PA	7,582	9.9%	-4.1%
Phoenix, AZ	17,629	4.2%	-9.0%
Pittsburgh, PA	8,043	10.3%	-4.9%
Portland, OR	6,089	19.6%	-7.8%
Providence, RI	3,696	20.9%	-20.6%
Raleigh, NC	4,434	10.5%	-30.4%
Richmond, VA	3,102	16.1%	-20.4%
Riverside, CA	13,174	6.9%	-8.6%
Rochester, NY	1,778	34.4%	-7.2%
Sacramento, CA	5,072	19.9%	-1.3%
San Antonio, TX	6,912	1.4%	-12.8%
San Diego, CA	5,414	13.5%	-18.5%
San Francisco, CA	2,622	8.5%	-22.2%
San Jose, CA	2,699	21.1%	-25.0%
Seattle, WA	7,038	39.7%	-10.1%
St. Louis, MO	7,002	16.8%	-18.8%
Tacoma, WA	2,318	26.3%	-2.1%
Tampa, FL	10,485	9.3%	-17.7%
Tucson, AZ	4,113	1.0%	-10.2%
Tulsa, OK	2,499	13.4%	-15.9%
Honolulu, HI	2,759	-0.3%	-20.3%
Virginia Beach, VA	5,358	12.4%	-16.2%
Warren, MI	6,656	21.3%	-4.2%
Washington, DC	14,179	17.8%	-13.8%
West Palm Beach, FL	9,206	5.8%	-32.3%
Worcester, MA	1,883	24.5%	-13.2%
National	1,336,900	-1.9%	-12.6%

Median Off-Market Redfin Estimate

Redfin Metro	Estimate	Month-Over-Month	Year-Over-Year
Albany, NY	$230,300	2.6%	7.0%
Allentown, PA	$276,600	0.8%	18.3%
Anaheim, CA	$1,008,300	2.5%	26.5%
Atlanta, GA	$334,300	1.8%	29.7%
Austin, TX	$482,800	2.3%	41.8%
Bakersfield, CA	$268,600	1.6%	24.0%
Baltimore, MD	$338,100	0.8%	14.5%
Baton Rouge, LA	$150,100	0.8%	7.7%
Birmingham, AL	$172,400	1.4%	16.3%
Boston, MA	$630,100	0.6%	11.7%
Bridgeport, CT	$474,200	0.8%	13.8%
Buffalo, NY	$194,000	1.8%	16.7%
Camden, NJ	$283,400	1.1%	22.4%
Charleston, SC	$322,100	1.8%	24.4%
Charlotte, NC	$310,200	1.7%	29.4%
Chicago, IL	$288,100	0.9%	5.1%
Cincinnati, OH	$216,700	1.2%	19.1%
Cleveland, OH	$179,800	1.3%	16.1%
Columbus, OH	$256,200	1.2%	16.5%
Dallas, TX	$365,600	2.5%	30.3%
Dayton, OH	$162,900	0.7%	18.9%
Denver, CO	$557,400	2.5%	24.1%
Detroit, MI	$130,400	0.2%	14.1%
Elgin, IL	$269,500	0.5%	9.9%
Fort Lauderdale, FL	$360,100	1.9%	21.6%
Fort Worth, TX	$307,900	2.0%	28.5%
Frederick, MD	$511,400	0.9%	14.9%
Fresno, CA	$361,900	1.2%	24.7%
Grand Rapids, MI	$238,000	1.2%	22.1%
Greensboro, NC	$186,600	1.1%	20.4%
Greenville, SC	$217,500	1.5%	23.3%
Hartford, CT	$275,700	0.9%	16.1%
Houston, TX	$266,000	1.5%	23.1%
Indianapolis, IN	$222,900	1.1%	21.9%
Jacksonville, FL	$303,600	2.4%	28.8%
Kansas City, MO	$243,700	1.4%	21.6%
Knoxville, TN	$252,900	1.9%	27.1%
Lake County, IL	$254,900	0.6%	9.8%
Las Vegas, NV	$398,100	2.5%	29.9%
Los Angeles, CA	$834,500	1.2%	18.3%
Louisville, KY	$204,600	0.7%	6.6%
Memphis, TN	$196,600	1.9%	17.9%
Miami, FL	$414,500	1.5%	22.0%
Milwaukee, WI	$257,900	0.9%	15.8%
Minneapolis, MN	$339,000	0.8%	15.2%
Montgomery County, PA	$412,700	0.7%	17.0%
Nashville, TN	$392,500	2.1%	30.5%
Nassau County, NY	$603,200	0.5%	13.0%
New Brunswick, NJ	$455,900	0.8%	19.3%
New Haven, CT	$284,400	1.1%	18.2%
New Orleans, LA	$203,000	0.9%	10.1%
Newark, NJ	$454,400	0.6%	11.2%
North Port, FL	$364,700	3.3%	40.2%
Oakland, CA	$1,043,200	2.0%	21.9%
Oklahoma City, OK	$186,100	0.9%	17.2%
Omaha, NE	$242,200	1.4%	16.6%
Orlando, FL	$329,500	2.2%	29.3%
Oxnard, CA	$798,300	1.0%	22.2%
Philadelphia, PA	$234,000	0.5%	10.5%
Phoenix, AZ	$434,700	2.4%	39.1%
Pittsburgh, PA	$160,600	0.4%	7.6%
Portland, OR	$524,000	1.5%	20.5%
Providence, RI	$385,100	0.7%	17.1%
Raleigh, NC	$372,700	2.2%	32.8%
Richmond, VA	$294,500	0.9%	14.4%
Riverside, CA	$490,100	1.8%	30.3%
Rochester, NY	$183,100	2.5%	17.1%
Sacramento, CA	$570,400	1.3%	25.1%
Salt Lake City, UT	$528,600	2.5%	32.9%
San Antonio, TX	$247,600	1.5%	23.2%
San Diego, CA	$855,400	2.1%	27.0%
San Francisco, CA	$1,574,000	1.6%	15.1%
San Jose, CA	$1,567,600	3.1%	25.5%
Seattle, WA	$780,500	3.2%	24.5%
St. Louis, MO	$186,300	1.0%	9.4%
Tacoma, WA	$515,900	1.4%	23.1%
Tampa, FL	$319,300	2.6%	30.3%
Tucson, AZ	$289,200	1.5%	25.0%
Tulsa, OK	$163,200	0.7%	12.8%
Honolulu, HI	$872,300	0.8%	18.7%
Virginia Beach, VA	$290,100	1.1%	14.5%
Warren, MI	$261,100	0.7%	13.8%
Washington, DC	$493,300	0.8%	14.0%
West Palm Beach, FL	$392,700	2.3%	31.0%
Worcester, MA	$362,800	0.7%	17.4%
National	$408,900	0.6%	21.7%