{"id":76497,"date":"2023-07-17T04:00:17","date_gmt":"2023-07-17T11:00:17","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=76497"},"modified":"2023-07-16T21:48:47","modified_gmt":"2023-07-17T04:48:47","slug":"housing-market-tracker-june-2023","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/housing-market-tracker-june-2023\/","title":{"rendered":"Homes Are Selling for Near-Record Highs as Supply Falls to New Low, Demand Picks Up"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>The median sale price was just 1.5% below its all-time high in June, and the average home sold for above its list price for the first time in roughly a year.<\/strong><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>The number of homes for sale fell 15% to an all-time low in June, the biggest decline in two years, as elevated rates kept sellers on the sidelines.<\/strong><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Demand is inching up as house hunters get used to high mortgage rates; pending sales posted their biggest monthly increase since 2021.<\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">A record low number of homes for sale combined with an uptick in homebuyer demand propped up housing prices in June, even as elevated mortgage rates kept many buyers on the sidelines. The median U.S. home sale price was $426,056 in June, just 1.5% ($6,341) below the all-time high of $432,397 set in May 2022.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-76498 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/07\/Median-Sale-Price-2-e1689373929366.png\" alt=\"\" width=\"637\" height=\"435\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/07\/Median-Sale-Price-2-e1689373929366.png 637w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/07\/Median-Sale-Price-2-e1689373929366-300x205.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/span><\/p>\n<p><span style=\"font-weight: 400;\">June\u2019s median sale price was down 0.6% from a year earlier\u2014the smallest decline of the past five months\u2014and the average home sold for more than its list price for the first time in roughly a year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> <img decoding=\"async\" class=\"alignnone wp-image-76499 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/07\/Median-Sale-Price-3-e1689373969754.png\" alt=\"\" width=\"633\" height=\"439\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/07\/Median-Sale-Price-3-e1689373969754.png 633w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/07\/Median-Sale-Price-3-e1689373969754-300x208.png 300w\" sizes=\"(max-width: 633px) 100vw, 633px\" \/><\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cToday\u2019s housing market is extraordinary; it feels hot even though there are very few homes changing hands,\u201d said Redfin Chief Economist <\/span><a href=\"https:\/\/www.redfin.com\/news\/author\/darylfairweather\/\"><span style=\"font-weight: 400;\">Daryl Fairweather<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cSellers are getting multiple offers if their home is priced well and in a desirable area even though there aren\u2019t a lot of buyers out there. That\u2019s because house hunters have so few homes to choose from. More buyers are starting to come out of the woodwork as they get used to elevated mortgage rates, which is making the market feel even hotter.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While mortgage rates are expected to start gradually declining in response to <\/span><a href=\"https:\/\/www.nytimes.com\/live\/2023\/07\/12\/business\/cpi-inflation-fed\"><span style=\"font-weight: 400;\">cooling inflation<\/span><\/a><span style=\"font-weight: 400;\">, they\u2019re unlikely to fall enough to bring a critical mass of sellers back to the market anytime soon, meaning housing supply should remain low. When rates do ultimately fall more significantly, prices will likely jump as more buyers move off of the sidelines.<\/span><\/p>\n<p><b>Home Prices Climb Relatively Quickly in Affordable Markets<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Affordable areas are seeing home prices climb relatively quickly. In Rochester, NY, the median sale price rose 13.1% year over year to $250,000\u2014the biggest increase among the metros Redfin analyzed. It was followed by Milwaukee (11.6%) and Omaha, NE (10.4%).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe haven\u2019t really felt the effects of high mortgage rates on homebuyer demand in Rochester,\u201d said local Redfin real estate agent <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/kimberly-hogue\"><span style=\"font-weight: 400;\">Kimberly Hogue<\/span><\/a><span style=\"font-weight: 400;\">. \u201cYou can still find a nice house in a desirable part of town for $300,000 or less, and a lot of people here can afford the monthly payment for a home in that price range. Of course, those homes tend to sell for tens of thousands of dollars above the asking price. There are plenty of remote workers moving in, and lately I\u2019ve helped several locals move farther out for more acreage.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hogue continued: \u201cI recently had a rural listing get more than 20 offers. One of the bidders offered to send the sellers on a cruise, but the sellers didn\u2019t bite. Instead, they went with an offer that was $100,000 over the asking price.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Prices fell most in Boise, ID (-10.4%), Austin, TX (-7.8%) and Las Vegas (-7.8%)\u2014pandemic boomtowns that saw prices surge as scores of remote workers moved in.<\/span><\/p>\n<p><b>June 2023 Highlights<\/b><\/p>\n<table>\n<tbody>\n<tr>\n<td><\/td>\n<td><b>June 2023<\/b><\/td>\n<td><b>Month-Over-Month Change<\/b><\/td>\n<td><b>Year-Over-Year Change<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Median sale price<\/b><\/td>\n<td><span style=\"font-weight: 400;\">$426,056<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Pending sales, seasonally adjusted<\/b><\/td>\n<td><span style=\"font-weight: 400;\">396,468<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-16.2%<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Homes sold, seasonally adjusted<\/b><\/td>\n<td><span style=\"font-weight: 400;\">404,331<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-3.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-19.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>New listings, seasonally adjusted<\/b><\/td>\n<td><span style=\"font-weight: 400;\">450,350<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-3.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-30.6%<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>All homes for sale, seasonally adjusted (active listings)<\/b><\/td>\n<td><span style=\"font-weight: 400;\">1,318,154<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-4.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-15.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Months of supply<\/b><\/td>\n<td><span style=\"font-weight: 400;\">1.8<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Median days on market<\/b><\/td>\n<td><span style=\"font-weight: 400;\">29<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-2<\/span><\/td>\n<td><span style=\"font-weight: 400;\">11<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Share of for-sale homes with a price drop<\/b><\/td>\n<td><span style=\"font-weight: 400;\">15.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.9 ppts<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.02 ppts<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Share of homes sold above final list price<\/b><\/td>\n<td><span style=\"font-weight: 400;\">39.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\"> 2.2 ppts<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-15.5 ppts<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Average sale-to-final-list-price ratio<\/b><\/td>\n<td><span style=\"font-weight: 400;\">100.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.3 ppts<\/span><\/td>\n<td><span style=\"font-weight: 400;\"> -2.0 ppts<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Share of home offers written by Redfin agents that faced competition, seasonally adjusted<\/b><\/td>\n<td><span style=\"font-weight: 400;\">46.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.7 ppts<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-5.1 ppts<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Pending sales that fell out of contract, as % of overall pending sales<\/b><\/td>\n<td><span style=\"font-weight: 400;\">15.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.5 ppts<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.6 ppts<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Share of homes sales in which seller offered concession to buyer<\/b><\/td>\n<td><span style=\"font-weight: 400;\">36.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-3.1 ppts<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.9 ppts<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Average 30-year fixed mortgage rate<\/b><\/td>\n<td><span style=\"font-weight: 400;\">6.71%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.28 ppts<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.19 ppts<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><i><span style=\"font-weight: 400;\">Note: Data is subject to revision<\/span><\/i><\/p>\n<p><b>Pending Home Sales Post Biggest Monthly Increase Since 2021<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Seasonally-adjusted pending home sales rose 1.9% from a month earlier in June to the highest level since fall, representing the largest monthly increase since October 2021. Pending sales have now climbed for three consecutive months on a revised basis following 16 straight months of declines. Pending sales fell 16.2% year over year in June, the smallest annual decline in a year. Still, pending sales in June were lower than they were at any point during the three years leading up to the pandemic.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cHomebuyer demand has bottomed out,\u201d Fairweather said. \u201cHigh rates are still giving a lot of buyers pause, but the sticker shock is no longer as severe as it was when rates skyrocketed last year. With home prices back near record highs, buyers are also less worried that they\u2019ll buy a house that\u2019ll plunge in value.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Closed home sales dropped 19.8% year over year to the lowest level since May 2020, and fell 3% month over month on a seasonally adjusted basis.<\/span><\/p>\n<p><b>Lack of Homes for Sale Is Fueling Bidding Wars in Some Markets<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The total number of homes for sale dropped 15% year over year to an all-time low in June, the biggest annual decline in nearly two years. That\u2019s largely because rising mortgage rates kept homeowners from selling, intensifying a yearslong housing shortage. New listings fell 30.6% from a year earlier to roughly 450,000\u2014the lowest level and largest annual decline on record aside from April 2020, when the onset of the pandemic brought the housing market to a halt.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img decoding=\"async\" class=\"alignnone wp-image-76500 size-full\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/07\/New-Listings-e1689374072803.png\" alt=\"\" width=\"635\" height=\"437\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/07\/New-Listings-e1689374072803.png 635w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/07\/New-Listings-e1689374072803-300x206.png 300w\" sizes=\"(max-width: 635px) 100vw, 635px\" \/><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Months of supply stood at just 1.8\u2014the lowest level for any June on record prior to the pandemic. Months of supply is <\/span><span style=\"font-weight: 400;\">the length of time it would take for the existing supply of homes for sale to be bought up at the market\u2019s current pace if no new homes came on the market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Homeowners are staying put because for a majority of them, selling and buying a new house would mean taking on a much higher mortgage rate. Roughly <\/span><a href=\"https:\/\/www.redfin.com\/news\/high-mortgage-rates-lock-in-homeowners-2023\/\"><span style=\"font-weight: 400;\">nine in 10<\/span><\/a><span style=\"font-weight: 400;\"> homeowners with mortgages have an interest rate below 6%. The average 30-year-fixed mortgage rate in June was 6.71%, not far from the 20-year-high of 7.08% hit in the fall Today\u2019s average mortgage rate is even higher, at <\/span><a href=\"https:\/\/www.freddiemac.com\/pmms\"><span style=\"font-weight: 400;\">6.96%<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The lack of homes on the market is fueling homebuyer bidding wars in some areas. Nearly half (46.8%) of home offers written by Redfin agents in June faced competition. While that\u2019s down from 51.8% a year earlier and a peak of 70.4% in January 2022, it\u2019s notable that so many buyers are facing competition at a time when demand is sluggish. An offer is considered part of a bidding war if a Redfin agent reported that it faced at least one competing bid.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Competition varies widely from market to market. In Rochester, NY, the typical home is selling for 14.1% more than its asking price\u2014the highest premium among the metros Redfin analyzed. But in Austin, TX, the typical home is selling for 2.1% <\/span><i><span style=\"font-weight: 400;\">less<\/span><\/i><span style=\"font-weight: 400;\"> than its asking price.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Metro-Level Highlights: June 2023<\/span><\/h3>\n<div id=\"viz1689374100101\" class=\"tableauPlaceholder\" style=\"position: relative;\"><noscript><a href='http:&#47;&#47;www.redfin.com&#47;blog'><img alt=' ' src='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Re&#47;RedfinDataCentertrend&#47;MedianSalePrice&#47;1_rss.png' style='border: none' \/><\/a><\/noscript><object class=\"tableauViz\" style=\"display: none;\" width=\"300\" height=\"150\"><param name=\"host_url\" value=\"https%3A%2F%2Fpublic.tableau.com%2F\" \/><param name=\"embed_code_version\" value=\"3\" \/><param name=\"site_root\" value=\"\" \/><param name=\"name\" value=\"RedfinDataCentertrend\/MedianSalePrice\" \/><param name=\"tabs\" value=\"yes\" \/><param name=\"toolbar\" value=\"yes\" \/><param name=\"static_image\" value=\"https:\/\/public.tableau.com\/static\/images\/Re\/RedfinDataCentertrend\/MedianSalePrice\/1.png\" \/><param name=\"animate_transition\" value=\"yes\" \/><param name=\"display_static_image\" value=\"yes\" \/><param name=\"display_spinner\" value=\"yes\" \/><param name=\"display_overlay\" value=\"yes\" \/><param name=\"display_count\" value=\"yes\" \/><\/object><\/div>\n<p><i><span style=\"font-weight: 400;\">Data in the bullets below came from a list of the 91 U.S. metro areas with populations of at least 750,000. Select metros may be excluded from time to time to ensure data accuracy. A full metro-level data table can be found in the \u201cdownload\u201d tab of the dashboard embedded below or <\/span><\/i><i><span style=\"font-weight: 400;\">in the monthly section of the Redfin <\/span><\/i><a href=\"https:\/\/www.redfin.com\/news\/data-center\/\"><i><span style=\"font-weight: 400;\">Data Center<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">. <\/span><\/i><i><span style=\"font-weight: 400;\">Refer to our <\/span><\/i><a href=\"https:\/\/www.redfin.com\/news\/data-center-metrics-definitions\/\"><i><span style=\"font-weight: 400;\">metrics definition page<\/span><\/i><\/a><i><span style=\"font-weight: 400;\"> for explanations of metrics used in this report. Metro-level data is not seasonally adjusted.<\/span><\/i><\/p>\n<ul>\n<li aria-level=\"1\"><b>Pending sales: <\/b><span style=\"font-weight: 400;\">In <\/span><a href=\"https:\/\/www.redfin.com\/city\/2287\/ID\/Boise\"><span style=\"font-weight: 400;\">Boise, ID<\/span><\/a><span style=\"font-weight: 400;\">, pending sales fell 70.7% year over year, more than any other metro Redfin analyzed. It was followed by <\/span><span style=\"font-weight: 400;\">Baton Rouge, LA<\/span><span style=\"font-weight: 400;\"> (-61.8%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/514\/PA\/Allentown\"><span style=\"font-weight: 400;\">Allentown, PA<\/span><\/a><span style=\"font-weight: 400;\"> (-54.8%). The smallest declines were in <\/span><a href=\"https:\/\/www.redfin.com\/city\/30827\/TX\/Fort-Worth\"><span style=\"font-weight: 400;\">Fort Worth, TX<\/span><\/a><span style=\"font-weight: 400;\"> (-0.6%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/30794\/TX\/Dallas\"><span style=\"font-weight: 400;\">Dallas<\/span><\/a><span style=\"font-weight: 400;\"> (-2.6%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/6171\/TX\/El-Paso\"><span style=\"font-weight: 400;\">El Paso, TX<\/span><\/a><span style=\"font-weight: 400;\"> (-4.6%).<\/span><\/li>\n<li aria-level=\"1\"><b>Closed sales:<\/b><span style=\"font-weight: 400;\"> In <\/span><a href=\"https:\/\/www.redfin.com\/city\/17887\/WA\/Tacoma\"><span style=\"font-weight: 400;\">Tacoma, WA<\/span><\/a><span style=\"font-weight: 400;\">, closed home sales dropped 34.2% year over year, more than any other metro Redfin analyzed. Next came <\/span><a href=\"https:\/\/www.redfin.com\/city\/14141\/CA\/Oxnard\"><span style=\"font-weight: 400;\">Oxnard, CA<\/span><\/a><span style=\"font-weight: 400;\"> (-31.5%) and <\/span><a href=\"https:\/\/www.redfin.com\/county\/760\/IL\/Lake-County\"><span style=\"font-weight: 400;\">Lake County, IL<\/span><\/a><span style=\"font-weight: 400;\"> (-30.8%). Closed sales rose in one metro: <\/span><a href=\"https:\/\/www.redfin.com\/city\/12742\/FL\/North-Port\"><span style=\"font-weight: 400;\">North Port, FL<\/span><\/a><span style=\"font-weight: 400;\"> (4%).<\/span><\/li>\n<li aria-level=\"1\"><b>Prices: <\/b><span style=\"font-weight: 400;\">Median sale prices fell from a year earlier in 35 of the metros Redfin analyzed. The biggest declines were in Boise (-10.4%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/30818\/TX\/Austin\"><span style=\"font-weight: 400;\">Austin, TX<\/span><\/a><span style=\"font-weight: 400;\"> (-9.7%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/10201\/NV\/Las-Vegas\"><span style=\"font-weight: 400;\">Las Vegas<\/span><\/a><span style=\"font-weight: 400;\"> (-7.8%). The biggest increases were in <\/span><a href=\"https:\/\/www.redfin.com\/city\/16162\/NY\/Rochester\"><span style=\"font-weight: 400;\">Rochester, NY<\/span><\/a><span style=\"font-weight: 400;\"> (13.1%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/35759\/WI\/Milwaukee\"><span style=\"font-weight: 400;\">Milwaukee<\/span><\/a><span style=\"font-weight: 400;\"> (11.6%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/9417\/NE\/Omaha\"><span style=\"font-weight: 400;\">Omaha, NE<\/span><\/a><span style=\"font-weight: 400;\"> (10.4%).<\/span><\/li>\n<li aria-level=\"1\"><b>Listings: <\/b><span style=\"font-weight: 400;\">New listings fell most from a year earlier in Allentown (-57.1%), Boise (-55.4%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/9406\/CT\/Hartford\"><span style=\"font-weight: 400;\">Hartford, CT<\/span><\/a><span style=\"font-weight: 400;\"> (-53.3%). They fell least in <\/span><a href=\"https:\/\/www.redfin.com\/city\/11570\/TX\/McAllen\"><span style=\"font-weight: 400;\">McAllen, TX<\/span><\/a><span style=\"font-weight: 400;\"> (-10.3%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/8903\/TX\/Houston\"><span style=\"font-weight: 400;\">Houston<\/span><\/a><span style=\"font-weight: 400;\"> (-15.4%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/5665\/MI\/Detroit\"><span style=\"font-weight: 400;\">Detroit<\/span><\/a><span style=\"font-weight: 400;\"> (-18.1%).<\/span><\/li>\n<li aria-level=\"1\"><b>Supply: <\/b><span style=\"font-weight: 400;\">Active listings fell most from a year earlier in Allentown (-49.7%), Boise (-49%) and Hartford (-45.1%). They rose most in <\/span><a href=\"https:\/\/www.redfin.com\/city\/14233\/LA\/New-Orleans\"><span style=\"font-weight: 400;\">New Orleans<\/span><\/a><span style=\"font-weight: 400;\"> (38.4%), North Port (31.7%) and McAllen (30.8%).<\/span><\/li>\n<li aria-level=\"1\"><b>Competition:<\/b><span style=\"font-weight: 400;\"> In Rochester, 78% of homes sold above their final list price, the highest share among the metros Redfin analyzed. Next came Hartford (75.3%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/20420\/MA\/Worcester\"><span style=\"font-weight: 400;\">Worcester, MA<\/span><\/a><span style=\"font-weight: 400;\"> (70.8%). The share was lowest in North Port (9.7%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/2654\/FL\/Cape-Coral\"><span style=\"font-weight: 400;\">Cape Coral, FL<\/span><\/a><span style=\"font-weight: 400;\"> (12%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/19373\/FL\/West-Palm-Beach\"><span style=\"font-weight: 400;\">West Palm Beach, FL<\/span><\/a><span style=\"font-weight: 400;\"> (12.2%).<\/span><\/li>\n<\/ul>\n<div id=\"viz1689374579062\" class=\"tableauPlaceholder\" style=\"position: relative;\"><noscript><a href='http:&#47;&#47;www.redfin.com&#47;blog'><img alt=' ' src='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Re&#47;RedfinDataCentertrend&#47;MedianSalePrice&#47;1_rss.png' style='border: none' \/><\/a><\/noscript><object class=\"tableauViz\" style=\"display: none;\" width=\"300\" height=\"150\"><param name=\"host_url\" value=\"https%3A%2F%2Fpublic.tableau.com%2F\" \/><param name=\"embed_code_version\" value=\"3\" \/><param name=\"site_root\" value=\"\" \/><param name=\"name\" value=\"RedfinDataCentertrend\/MedianSalePrice\" \/><param name=\"tabs\" value=\"yes\" \/><param name=\"toolbar\" value=\"yes\" \/><param name=\"static_image\" value=\"https:\/\/public.tableau.com\/static\/images\/Re\/RedfinDataCentertrend\/MedianSalePrice\/1.png\" \/><param name=\"animate_transition\" value=\"yes\" \/><param name=\"display_static_image\" value=\"yes\" \/><param name=\"display_spinner\" value=\"yes\" \/><param name=\"display_overlay\" value=\"yes\" \/><param name=\"display_count\" value=\"yes\" \/><\/object><\/div>\n<p><script type='text\/javascript'>                    var divElement = document.getElementById('viz1689374579062');                    var vizElement = divElement.getElementsByTagName('object')[0];                    vizElement.style.width='850px';vizElement.style.height='550px';                    var scriptElement = document.createElement('script');                    scriptElement.src = 'https:\/\/public.tableau.com\/javascripts\/api\/viz_v1.js';                    vizElement.parentNode.insertBefore(scriptElement, vizElement);                <\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The median sale price was just 1.5% below its all-time high in June, and the average home sold for above its list price for the first time in roughly a year. The number of homes for sale fell 15% to an all-time low in June, the biggest decline in two years, as elevated rates kept [&hellip;]<\/p>\n","protected":false},"author":13346,"featured_media":76501,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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