Home Sales Dipped 1.2% From May to June, the Largest Late-Spring Decline Since At Least 2012

Home Sales Dipped 1.2% From May to June, the Largest Late-Spring Decline Since At Least 2012

by
Updated on August 3rd, 2021

Still, homes sold at their fastest pace and for their highest prices on record.

Note: Pandemic lockdowns significantly slowed homebuying and selling, and slightly depressed sale prices in June 2020, which means the year-over-year trends for home prices, pending sales, closed sales and new listings are exaggerated. For more context, we have added extra charts that better highlight recent changes.

Seasonally-adjusted home sales fell 1.2% from May to June, the largest drop at this time of year on record through at least 2012, suggesting that the housing market frenzy may have peaked for the year. Homes sold for their highest prices and at their fastest pace on record, but measures for market speed and competition seem to be at or near peak levels for this year.

The following measures all hit new records in June according to Redfin’s data, which goes back through 2012:

  • The national median home-sale price hit a record high of $386,888, up 25% year over year (down from the record of 26% in May).
  • The number of homes for sale fell to a record low, down 28% from 2020.
  • The typical home sold in just 14 days, a record low and down from 39 days in June 2020.
  • 56% of homes sold above their list price, a record high, up from 27% a year ago.
  • The average sale-to-list ratio, a measure of how close homes are selling to their asking price, hit a record high of 102.6%. In other words, the average home sold for 2.6% above list price.

“In June we entered a new phase of the housing market,” said Redfin Chief Economist Daryl Fairweather. “Home sales are starting to stall because prices have increased beyond what many buyers can afford. This summer I expect home prices to stabilize as more homeowners list their homes, realizing they likely won’t fetch a higher price by waiting longer to sell. But as rents rise, homeownership will become appealing to more people, and home sales will rev back up by 2022.”

Market Summary June 2021 Month-Over-Month Year-Over-Year
Median sale price $386,900 2.9% 24.8%
Homes sold, seasonally-adjusted 602,800 -1.2% 21.7%
Pending sales, seasonally-adjusted 562,800 1.3% 19.4%
New listings, seasonally-adjusted 630,900 2.7% 8.1%
All Homes for sale, seasonally-adjusted 1,315,400 -2.6% -27.5%
Median days on market 14 -1 -24
Months of supply 1.1 -0.1 -1.1
Sold above list 56.4% 2.8 pts 29.5 pts
Median Off-Market Redfin Estimate $350,500 1.8% 15.6%
Average Sale-to-list 102.6% 0.4 pts 3.9 pts
Average 30-year fixed mortgage rate 2.98% +0.02 pts -0.18 pts
† – ‘pts’ = percentage point change

Median sale prices increased from a year earlier in all of the 85 largest metro areas Redfin tracks. The largest price increase was in Austin, TX (+43%), where a typical 3-bedroom, 2-bathroom suburban Austin home sold for about $485,000 last month, up from about $340,000 a year earlier.

“Home price growth over the last few months in Austin has been astronomical,” said Redfin Austin market manager Jennifer Hoffer. “There has been a perfect storm of factors driving up price here with tech firms like Tesla, Amazon and Oracle announcing expansions in Austin, celebrities relocating here, and overall a whole lot of really great press for the area.”

The next biggest price increases were seen in Lake County, IL (+31%) and Phoenix (+30%). The smallest price increase was posted in San Francisco, where prices were up 2.6% from a year ago.

Home Prices Up 25% in June, Second-Highest Growth Rate on Record

Home Prices Reach $386,888 in June, Highest on Record

Seasonally-adjusted home sales in June were up 22% from a year earlier, but down 1.2% from May. Compared to June 2020, home sales rose in all but four of the 85 largest metro areas Redfin tracks. The biggest declines in sales were in Fort Worth (-8%), Dallas (-3%) and San Antonio (-3%). The largest gains were in places that had the most abrupt slowdown of home sales in June 2020, including Philadelphia (+100%), San Francisco (+96%), and Honolulu (+96%).

Seasonally Adjusted Home Sales Down 1.2% May to June

Seasonally adjusted active listings—the count of all homes that were for sale at any time during the month—fell 28% year over year to their lowest level on record.

Only two of the 85 largest metros tracked by Redfin posted a year-over-year increase in the number of seasonally adjusted active listings of homes for sale: Milwaukee (+4%) and New York (+1%). The biggest year-over-year declines in active housing supply in June were in Baton Rouge, LA (-57%), North Port, FL (-52%) and Greensboro, NC (-46%).

Seasonally Adjusted Homes for Sale Fell 28%

Seasonally adjusted new listings of homes for sale were up 8% in June from a year earlier. New listings fell from a year ago in 15 of the 85 largest metro areas. The biggest declines were in Baton Rouge (-51%), Allentown, PA (47%) and St. Louis, MO (-41%). New listings rose the most from a year ago in San Jose, CA (+38%), Tacoma, WA (+35%) and Milwaukee (+32%).

Seasonally Adjusted New Listings Up 8% Year Over Year

Although sales are declining, measures of completed home sales reflected the most competitive market on record in June.

The typical home that sold in June went under contract in 14 days—less than half as much time as a year earlier, when homes sold in a median 39 days.

Time on Market Falls to Record Low 14 Days in June

In June, 56% of homes sold above list price, the largest share on record.

Record High 56% of Homes Sold Over List Price in June

The average sale-to-list price ratio continued to surge in June, hitting a record high of 102.6%. This measure typically peaks in June, but was still climbing sharply through the end of the month. The latest weekly housing market data through July 4 does show the sale-to-list ratio beginning to taper off, so June may still be the peak this year.

Average Sale to List Price Ratio Climbed to 103% in June, a Record High

Other June Highlights

Competition

Prices

  • Austin, TX had the nation’s highest price growth, rising 42.6% since last year to $485,000. Lake County, IL had the second highest growth at 30.5% year-over-year price growth, followed by Phoenix (30%), Salt Lake City (29.4%), and North Port, FL (27.6%).
  • No metro areas saw price declines in June.

Sales

Inventory

  • Milwaukee had the highest increase in the number of homes for sale, up 4.7% year over year, followed by New York (1.5%) and San Jose, CA (-0.6%).
  • Baton Rouge, LA had the largest decrease in overall active listings, falling 56.8% since last June. North Port, FL (-51.6%), and Greensboro, NC (-46.5%) also saw far fewer homes available on the market than a year ago.

Redfin Estimate

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 $269,000 5.5% 19.6%
Allentown, PA $276,000 10.4% 20.0%
Anaheim, CA $910,000 1.1% 19.7%
Atlanta, GA $339,000 4.3% 25.6%
Austin, TX $485,000 3.6% 42.6%
Bakersfield, CA $306,500 -1.1% 15.7%
Baltimore, MD $351,500 3.4% 13.4%
Baton Rouge, LA $245,400 4.4% 14.2%
Birmingham, AL $267,000 2.7% 11.6%
Boston, MA $650,000 4.5% 20.1%
Bridgeport, CT $575,000 7.9% 18.6%
Buffalo, NY $205,000 0.0% 24.2%
Camden, NJ $266,000 2.4% 21.6%
Charleston, SC $360,000 2.7% 24.3%
Charlotte, NC $341,300 2.9% 18.1%
Chicago, IL $320,000 1.6% 18.5%
Cincinnati, OH $256,800 7.0% 18.9%
Cleveland, OH $203,000 9.7% 17.3%
Columbus, OH $285,000 0.5% 14.2%
Dallas, TX $380,000 1.3% 21.0%
Dayton, OH $190,000 1.6% 13.3%
Denver, CO $542,500 1.9% 23.2%
Detroit, MI $182,000 3.4% 16.9%
El Paso, TX $199,600 2.3% 14.0%
Elgin, IL $285,000 5.2% 14.1%
Fort Lauderdale, FL $345,000 6.2% 13.1%
Fort Worth, TX $313,500 1.2% 20.9%
Frederick, MD $500,000 0.0% 14.9%
Fresno, CA $368,200 4.9% 18.8%
Grand Rapids, MI $280,000 4.6% 21.1%
Greensboro, NC $232,200 7.8% 16.1%
Greenville, SC $273,400 3.9% 16.4%
Hartford, CT $282,600 2.8% 16.3%
Houston, TX $312,000 4.0% 19.1%
Indianapolis, IN $250,000 0.0% 13.7%
Jacksonville, FL $305,000 5.1% 18.5%
Kansas City, MO $285,000 1.5% 12.6%
Knoxville, TN $284,900 5.5% 21.2%
Lake County, IL $325,000 8.4% 30.5%
Las Vegas, NV $365,000 2.8% 18.1%
Los Angeles, CA $828,000 1.6% 26.4%
Louisville, KY $239,900 4.3% 14.2%
McAllen, TX $190,000 4.3% 22.6%
Memphis, TN $260,000 4.8% 20.9%
Miami, FL $415,000 2.5% 22.1%
Milwaukee, WI $280,000 3.7% 12.0%
Minneapolis, MN $351,000 1.7% 14.3%
Montgomery County, PA $410,000 7.5% 18.0%
Nashville, TN $390,700 4.2% 22.1%
Nassau County, NY $578,800 2.4% 22.1%
New Brunswick, NJ $430,000 3.0% 21.1%
New Haven, CT $299,000 7.0% 24.6%
New Orleans, LA $283,000 3.3% 15.5%
New York, NY $662,500 2.7% 17.3%
Newark, NJ $495,000 8.7% 23.8%
North Port, FL $370,000 2.7% 27.6%
Oakland, CA $960,000 -2.0% 20.3%
Oklahoma City, OK $230,000 2.2% 12.2%
Omaha, NE $265,000 4.7% 13.7%
Orlando, FL $325,000 4.3% 16.5%
Oxnard, CA $800,000 6.7% 25.0%
Philadelphia, PA $280,000 4.5% 12.0%
Phoenix, AZ $403,000 1.3% 30.0%
Pittsburgh, PA $235,000 8.7% 17.5%
Portland, OR $512,000 0.4% 19.1%
Providence, RI $379,000 4.7% 21.5%
Raleigh, NC $375,000 4.2% 23.4%
Richmond, VA $325,000 4.8% 17.1%
Riverside, CA $510,000 1.6% 25.2%
Rochester, NY $202,400 6.0% 26.5%
Sacramento, CA $565,000 2.7% 27.0%
Salt Lake City, UT $478,700 5.2% 29.4%
San Antonio, TX $294,000 4.2% 17.6%
San Diego, CA $770,000 1.3% 26.4%
San Francisco, CA $1,590,000 3.3% 2.6%
San Jose, CA $1,400,000 2.2% 19.9%
Seattle, WA $735,000 0.0% 20.5%
St. Louis, MO $238,000 3.5% 13.3%
Tacoma, WA $505,000 0.8% 23.2%
Tampa, FL $310,000 3.4% 21.6%
Tucson, AZ $310,000 3.1% 26.5%
Tulsa, OK $227,500 6.8% 16.4%
Honolulu, HI $657,500 -0.7% 7.9%
Virginia Beach, VA $290,000 1.8% 13.3%
Warren, MI $280,000 2.6% 18.1%
Washington, DC $520,000 1.5% 18.2%
West Palm Beach, FL $380,000 3.3% 21.4%
Worcester, MA $370,000 2.8% 23.3%
National $386,900 2.9% 24.8%

Homes Sold

Redfin Metro Homes Sold Month-Over-Month Year-Over-Year
Albany, NY 1,024 16.5% 49.1%
Allentown, PA 1,087 28.8% 78.8%
Anaheim, CA 3,598 8.8% 66.3%
Atlanta, GA 11,301 7.9% 4.7%
Austin, TX 4,171 9.4% 4.4%
Bakersfield, CA 942 5.7% 19.2%
Baltimore, MD 5,359 16.2% 27.3%
Baton Rouge, LA 1,287 1.7% 5.6%
Birmingham, AL 1,853 8.1% 5.2%
Boston, MA 6,250 30.5% 54.1%
Bridgeport, CT 1,859 46.3% 68.7%
Buffalo, NY 967 7.1% 41.4%
Camden, NJ 2,206 25.6% 24.1%
Charleston, SC 2,189 12.4% 16.3%
Charlotte, NC 5,098 12.7% 4.2%
Chicago, IL 12,942 17.5% 58.3%
Cincinnati, OH 3,415 12.2% 7.0%
Cleveland, OH 3,238 18.3% 18.3%
Columbus, OH 3,428 18.2% 13.5%
Dallas, TX 7,137 6.1% -2.9%
Dayton, OH 1,290 16.2% 8.6%
Denver, CO 6,501 16.6% 10.2%
Detroit, MI 2,136 11.7% 23.7%
El Paso, TX 943 13.2% 5.2%
Elgin, IL 1,507 28.6% 31.7%
Fort Lauderdale, FL 4,193 6.4% 65.2%
Fort Worth, TX 3,404 9.8% -8.1%
Frederick, MD 2,341 13.6% 41.8%
Fresno, CA 922 11.0% 9.9%
Grand Rapids, MI 1,516 13.0% 2.8%
Greensboro, NC 1,144 9.5% 16.6%
Greenville, SC 1,520 12.6% 3.8%
Hartford, CT 2,014 28.4% 35.5%
Houston, TX 11,009 7.9% 14.6%
Indianapolis, IN 3,950 16.1% 10.5%
Jacksonville, FL 3,463 0.5% 15.4%
Kansas City, MO 4,109 15.8% 7.4%
Knoxville, TN 1,535 21.9% 3.2%
Lake County, IL 1,956 25.8% 55.0%
Las Vegas, NV 4,627 9.7% 60.9%
Los Angeles, CA 7,739 9.9% 67.6%
Louisville, KY 1,982 5.9% -0.6%
McAllen, TX 434 1.9% 4.3%
Memphis, TN 1,386 10.4% 9.2%
Miami, FL 4,038 6.5% 92.7%
Milwaukee, WI 2,482 19.3% 24.8%
Minneapolis, MN 7,498 32.0% 20.0%
Montgomery County, PA 3,306 36.1% 84.7%
Nashville, TN 4,300 12.3% 4.0%
Nassau County, NY 3,013 24.8% 56.8%
New Brunswick, NJ 3,904 21.5% 40.4%
New Haven, CT 1,334 25.6% 38.1%
New Orleans, LA 1,823 10.0% 21.0%
New York, NY 7,727 15.9% 85.5%
Newark, NJ 3,009 33.7% 53.9%
North Port, FL 2,858 8.5% 39.6%
Oakland, CA 3,430 8.0% 56.9%
Oklahoma City, OK 2,519 10.5% 0.5%
Omaha, NE 1,615 17.9% 2.1%
Orlando, FL 5,084 4.3% 31.0%
Oxnard, CA 935 8.2% 38.3%
Philadelphia, PA 3,173 20.0% 100.4%
Phoenix, AZ 9,640 4.5% 5.4%
Pittsburgh, PA 2,978 19.0% 62.6%
Portland, OR 4,485 9.3% 26.3%
Providence, RI 2,372 29.5% 34.2%
Raleigh, NC 3,101 14.7% 7.3%
Richmond, VA 2,372 17.8% 20.5%
Riverside, CA 6,177 15.9% 30.6%
Rochester, NY 1,136 17.7% 37.5%
Sacramento, CA 3,376 10.6% 13.6%
San Antonio, TX 3,591 7.7% -2.6%
San Diego, CA 3,989 11.7% 26.9%
San Francisco, CA 1,565 11.9% 96.4%
San Jose, CA 2,096 9.7% 73.8%
Seattle, WA 6,014 15.7% 38.4%
St. Louis, MO 4,856 20.5% 14.0%
Tacoma, WA 1,878 24.6% 31.1%
Tampa, FL 7,182 8.7% 11.6%
Tucson, AZ 1,859 6.8% 8.8%
Tulsa, OK 1,643 7.3% 8.3%
Honolulu, HI 1,150 20.7% 96.2%
Virginia Beach, VA 3,556 17.1% 24.0%
Warren, MI 4,275 14.6% 23.9%
Washington, DC 9,394 11.6% 30.7%
West Palm Beach, FL 4,071 0.8% 58.2%
Worcester, MA 1,316 28.4% 27.8%
National 602,800 -1.2% 21.7%

New Listings

Redfin Metro New Listings Month-Over-Month Year-Over-Year
Albany, NY 1,560 14.9% 9.9%
Allentown, PA 690 -18.0% -46.9%
Anaheim, CA 3,520 1.2% 11.5%
Atlanta, GA 12,128 10.5% 6.1%
Austin, TX 5,002 16.2% 23.8%
Bakersfield, CA 1,011 6.4% 7.8%
Baltimore, MD 5,411 -0.3% 17.0%
Baton Rouge, LA 661 -31.3% -51.3%
Birmingham, AL 1,985 15.3% 11.4%
Boston, MA 7,291 21.9% 8.3%
Bridgeport, CT 2,003 -1.2% -14.4%
Buffalo, NY 1,673 18.1% 9.3%
Camden, NJ 2,350 -1.7% 13.3%
Charleston, SC 2,016 9.4% 6.8%
Charlotte, NC 3,488 -16.7% -27.7%
Chicago, IL 13,728 2.5% 4.7%
Cincinnati, OH 3,734 7.3% 5.1%
Cleveland, OH 3,977 7.6% 14.3%
Columbus, OH 3,961 10.1% 20.0%
Dallas, TX 8,188 6.0% 0.8%
Dayton, OH 1,511 15.6% 13.2%
Denver, CO 7,449 21.4% 12.4%
Detroit, MI 2,760 6.6% 3.5%
El Paso, TX 1,182 23.1% 12.6%
Elgin, IL 1,456 -0.7% 0.1%
Fort Lauderdale, FL 3,714 -1.0% -3.7%
Fort Worth, TX 4,051 14.4% 2.8%
Frederick, MD 2,305 0.6% 18.8%
Fresno, CA 1,026 3.4% 29.7%
Grand Rapids, MI 1,723 12.9% -6.3%
Greensboro, NC 780 -8.8% -28.0%
Greenville, SC 1,566 10.7% 14.1%
Hartford, CT 2,350 3.2% 8.9%
Houston, TX 13,367 12.3% 20.1%
Indianapolis, IN 4,341 12.1% 14.1%
Jacksonville, FL 3,585 2.1% 14.4%
Kansas City, MO 4,170 -0.9% 4.3%
Knoxville, TN 1,365 -6.1% -3.7%
Lake County, IL 1,932 3.6% 8.7%
Las Vegas, NV 4,870 0.5% 32.0%
Los Angeles, CA 8,693 5.0% 19.6%
Louisville, KY 2,301 12.0% 8.9%
McAllen, TX 569 12.7% 28.2%
Memphis, TN 1,603 5.7% 13.2%
Miami, FL 4,454 1.3% 14.5%
Milwaukee, WI 3,308 26.5% 32.0%
Minneapolis, MN 7,846 8.0% 12.8%
Montgomery County, PA 3,520 5.1% 0.9%
Nashville, TN 4,110 11.0% -14.0%
Nassau County, NY 4,197 5.3% -6.8%
New Brunswick, NJ 4,802 6.6% 1.8%
New Haven, CT 1,551 1.3% 5.3%
New Orleans, LA 1,815 0.4% 11.4%
New York, NY 10,586 4.3% 0.7%
Newark, NJ 3,529 8.6% 1.7%
North Port, FL 2,351 -5.3% 8.8%
Oakland, CA 3,754 11.3% 32.0%
Oklahoma City, OK 2,880 9.4% 8.1%
Omaha, NE 1,593 10.7% 2.5%
Orlando, FL 5,210 2.6% 9.6%
Oxnard, CA 987 2.8% 16.5%
Philadelphia, PA 3,154 -5.3% -2.4%
Phoenix, AZ 9,460 0.7% 17.0%
Pittsburgh, PA 3,491 3.6% 4.1%
Portland, OR 4,876 6.3% 19.5%
Providence, RI 2,846 12.0% 19.5%
Raleigh, NC 2,552 1.4% -7.6%
Richmond, VA 2,421 -0.5% 18.7%
Riverside, CA 6,905 4.5% 26.3%
Rochester, NY 1,688 24.3% 8.5%
Sacramento, CA 3,715 9.3% 10.7%
San Antonio, TX 4,200 8.4% 16.2%
San Diego, CA 4,253 2.4% 15.9%
San Francisco, CA 1,298 -11.6% -13.6%
San Jose, CA 2,085 -0.2% 38.2%
Seattle, WA 6,375 9.9% 23.0%
St. Louis, MO 2,812 -24.6% -40.7%
Tacoma, WA 2,024 9.5% 34.7%
Tampa, FL 7,385 4.1% 18.1%
Tucson, AZ 1,806 4.5% 21.5%
Tulsa, OK 1,946 13.5% 17.4%
Honolulu, HI 947 4.4% 7.6%
Virginia Beach, VA 3,716 1.6% 30.6%
Warren, MI 5,481 16.3% 1.9%
Washington, DC 9,244 -3.7% 20.9%
West Palm Beach, FL 3,620 -6.8% -3.3%
Worcester, MA 1,670 24.1% 17.9%
National 630,900 2.7% 8.1%

All Homes for Sale

Redfin Metro All Homes for Sale Month-Over-Month Year-Over-Year
Albany, NY 3,099 5.8% -13.4%
Allentown, PA 1,609 -12.6% -43.5%
Anaheim, CA 7,786 -1.1% -20.5%
Atlanta, GA 22,702 3.5% -35.1%
Austin, TX 9,271 9.5% -11.4%
Bakersfield, CA 2,008 0.4% -19.9%
Baltimore, MD 9,933 -1.7% -20.8%
Baton Rouge, LA 1,980 -17.7% -56.8%
Birmingham, AL 4,706 3.7% -22.0%
Boston, MA 12,974 6.5% -12.8%
Bridgeport, CT 6,083 2.4% -16.6%
Buffalo, NY 2,616 11.3% -12.6%
Camden, NJ 4,774 0.7% -20.9%
Charleston, SC 5,514 1.9% -28.1%
Charlotte, NC 9,309 -9.4% -41.4%
Chicago, IL 29,791 1.9% -17.0%
Cincinnati, OH 9,095 6.3% -9.8%
Cleveland, OH 8,045 8.0% -9.9%
Columbus, OH 8,557 10.5% -1.9%
Dallas, TX 15,407 2.8% -37.2%
Dayton, OH 2,874 11.4% -10.6%
Denver, CO 9,941 10.4% -28.2%
Detroit, MI 5,411 6.7% -24.4%
El Paso, TX 2,634 4.6% -23.3%
Elgin, IL 2,353 -1.2% -35.8%
Fort Lauderdale, FL 12,090 -5.0% -28.8%
Fort Worth, TX 7,287 6.3% -34.2%
Frederick, MD 4,141 -0.9% -14.1%
Fresno, CA 1,750 6.4% -10.8%
Grand Rapids, MI 2,588 7.3% -31.4%
Greensboro, NC 1,787 -14.2% -46.5%
Greenville, SC 3,955 2.1% -25.0%
Hartford, CT 5,637 3.5% -11.8%
Houston, TX 26,694 6.5% -25.3%
Indianapolis, IN 6,551 4.9% -18.2%
Jacksonville, FL 7,348 -3.4% -31.0%
Kansas City, MO 7,617 -1.9% -18.2%
Knoxville, TN 3,862 3.1% -24.7%
Lake County, IL 3,752 5.0% -26.1%
Las Vegas, NV 9,868 2.1% -25.8%
Los Angeles, CA 21,464 1.6% -3.9%
Louisville, KY 4,268 3.9% -20.5%
McAllen, TX 1,752 -1.0% -31.2%
Memphis, TN 3,411 4.6% -9.3%
Miami, FL 16,256 -3.1% -20.6%
Milwaukee, WI 7,466 15.3% 4.7%
Minneapolis, MN 13,570 5.4% -17.2%
Montgomery County, PA 6,418 3.7% -24.1%
Nashville, TN 8,367 2.5% -45.5%
Nassau County, NY 10,521 4.1% -19.9%
New Brunswick, NJ 10,553 7.2% -21.6%
New Haven, CT 4,082 1.8% -8.6%
New Orleans, LA 4,139 -2.0% -25.6%
New York, NY 39,836 2.4% 1.5%
Newark, NJ 8,925 7.9% -11.7%
North Port, FL 3,968 -6.5% -51.6%
Oakland, CA 5,722 6.4% -5.2%
Oklahoma City, OK 4,688 6.1% -27.8%
Omaha, NE 2,441 4.0% -21.1%
Orlando, FL 9,269 -0.9% -34.0%
Oxnard, CA 2,233 2.1% -17.7%
Philadelphia, PA 8,173 -3.3% -11.3%
Phoenix, AZ 18,796 -0.7% -22.7%
Pittsburgh, PA 10,048 5.7% -8.0%
Portland, OR 7,637 3.0% -19.6%
Providence, RI 5,481 8.8% -15.1%
Raleigh, NC 5,554 -6.8% -38.2%
Richmond, VA 4,033 -2.7% -12.8%
Riverside, CA 14,517 4.5% -19.1%
Rochester, NY 2,422 9.5% -18.9%
Sacramento, CA 5,949 6.4% -25.6%
San Antonio, TX 7,885 3.9% -33.8%
San Diego, CA 7,364 5.1% -18.1%
San Francisco, CA 2,995 -9.4% -12.0%
San Jose, CA 3,647 -0.5% -0.6%
Seattle, WA 8,950 2.9% -10.9%
St. Louis, MO 7,227 -15.5% -41.5%
Tacoma, WA 2,842 6.6% -2.3%
Tampa, FL 12,275 2.2% -32.2%
Tucson, AZ 4,271 -1.5% -17.7%
Tulsa, OK 3,206 9.4% -23.9%
Honolulu, HI 3,106 -2.6% -23.7%
Virginia Beach, VA 7,140 1.7% -7.7%
Warren, MI 9,334 11.6% -24.1%
Washington, DC 17,940 -2.2% -5.8%
West Palm Beach, FL 10,720 -4.3% -34.7%
Worcester, MA 2,921 12.8% -13.1%
National 1,315,400 -2.6% -27.5%

Median Off-Market Redfin Estimate

Redfin Metro Estimate Month-Over-Month Year-Over-Year
Albany, NY $222,400 1.2% 11.7%
Allentown, PA $241,800 1.4% 13.5%
Anaheim, CA $845,400 1.8% 14.6%
Atlanta, GA $271,600 2.1% 15.9%
Austin, TX $387,000 4.8% 27.7%
Bakersfield, CA $221,500 2.1% 12.1%
Baltimore, MD $306,400 1.4% 12.4%
Baton Rouge, LA $145,200 1.3% 11.6%
Birmingham, AL $153,300 1.6% 12.4%
Boston, MA $588,200 1.6% 11.2%
Bridgeport, CT $429,600 1.3% 9.4%
Buffalo, NY $173,600 1.7% 13.7%
Camden, NJ $241,900 1.8% 16.6%
Charleston, SC $271,500 2.0% 13.3%
Charlotte, NC $254,000 2.2% 19.4%
Chicago, IL $283,700 1.5% 8.1%
Cincinnati, OH $189,800 1.9% 13.5%
Cleveland, OH $161,300 1.5% 13.1%
Columbus, OH $225,500 1.8% 12.1%
Dallas, TX $296,000 1.9% 14.2%
Dayton, OH $144,400 1.7% 13.4%
Denver, CO $473,100 1.9% 11.9%
Detroit, MI $118,900 1.7% 11.8%
Elgin, IL $254,300 1.6% 9.9%
Fort Lauderdale, FL $306,900 1.3% 11.2%
Fort Worth, TX $252,100 2.0% 13.5%
Frederick, MD $463,800 1.7% 11.3%
Fresno, CA $306,500 2.0% 16.7%
Grand Rapids, MI $207,100 2.1% 19.1%
Greensboro, NC $162,500 2.1% 18.5%
Greenville, SC $183,900 1.6% 13.3%
Hartford, CT $244,300 1.1% 8.4%
Houston, TX $226,000 1.9% 13.2%
Indianapolis, IN $189,600 1.9% 13.4%
Jacksonville, FL $247,000 2.1% 15.3%
Kansas City, MO $210,100 2.1% 13.3%
Knoxville, TN $210,500 2.2% 16.9%
Lake County, IL $241,300 1.7% 11.0%
Las Vegas, NV $326,300 2.5% 13.5%
Los Angeles, CA $739,400 1.8% 13.6%
Louisville, KY $197,000 0.6% 10.3%
Memphis, TN $174,100 1.6% 16.6%
Miami, FL $352,500 1.4% 11.2%
Milwaukee, WI $232,500 1.8% 11.7%
Minneapolis, MN $304,300 1.3% 10.5%
Montgomery County, PA $365,600 1.4% 11.9%
Nashville, TN $314,500 1.9% 12.0%
Nassau County, NY $546,200 0.8% 13.0%
New Brunswick, NJ $395,600 1.4% 14.1%
New Haven, CT $250,100 1.3% 11.4%
New Orleans, LA $191,700 1.4% 11.8%
Newark, NJ $419,100 0.9% 13.2%
North Port, FL $275,500 2.2% 15.6%
Oakland, CA $918,800 2.5% 17.4%
Oklahoma City, OK $163,600 1.2% 10.7%
Omaha, NE $217,000 1.7% 13.7%
Orlando, FL $265,800 1.6% 11.9%
Oxnard, CA $689,400 2.3% 14.3%
Philadelphia, PA $220,400 1.5% 13.6%
Phoenix, AZ $335,500 2.4% 21.3%
Pittsburgh, PA $150,100 1.5% 13.2%
Portland, OR $456,700 2.0% 13.3%
Providence, RI $342,600 1.7% 15.2%
Raleigh, NC $294,900 2.1% 13.1%
Richmond, VA $265,000 1.8% 10.8%
Riverside, CA $401,500 2.5% 20.4%
Rochester, NY $163,600 1.5% 11.6%
Sacramento, CA $488,800 2.1% 17.4%
Salt Lake City, UT $423,200 2.4% 17.6%
San Antonio, TX $209,000 1.6% 12.7%
San Diego, CA $724,300 2.5% 18.6%
San Francisco, CA $1,442,800 1.7% 5.0%
San Jose, CA $1,337,700 1.7% 15.1%
Seattle, WA $672,700 2.4% 17.6%
St. Louis, MO $168,300 1.0% 5.1%
Tacoma, WA $445,300 1.9% 19.4%
Tampa, FL $252,800 0.0% 13.4%
Tucson, AZ $246,400 2.1% 19.1%
Tulsa, OK $147,500 1.1% 10.4%
Honolulu, HI $771,400 1.4% 9.9%
Virginia Beach, VA $258,900 1.2% 10.2%
Warren, MI $239,400 1.6% 13.2%
Washington, DC $449,600 1.4% 11.4%
West Palm Beach, FL $313,700 1.8% 12.5%
Worcester, MA $323,800 1.6% 13.9%
National $350,500 1.8% 15.6%
Avatar

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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