US Median Home Price Hits Record $408,776 in June as Demand Lifts Sales
Updated
Updated · CNBC · Jul 15
US Median Home Price Hits Record $408,776 in June as Demand Lifts Sales
3 articles · Updated · CNBC · Jul 15
Summary
$408,776 was the median U.S. home price in June, up 2.2% from a year earlier and a record in Redfin’s latest report.
Mid-6% mortgage rates did not stop buyers: June home sales reached their highest level since the late-pandemic housing boom in 2022, helping push prices higher.
Wealthy buyers in the Bay Area and South Florida were a key driver of that demand, according to Redfin, with their purchases lifting both sales and prices.
The new peak leaves prices 51.4% above the pre-pandemic high in 2019, underscoring how affordability remains strained even before financing costs are added.