The typical home sold in June went under contract in just 35 days, matching last year’s record-fast pace, as falling mortgage rates lured more buyers to the market.
U.S. home-sale prices rose for the third consecutive month in June, growing 3.4 percent year over year to a median of $321,200 across the metros Redfin tracks. The growth rate of home prices was on par with the May rate and was down from a 5.5 percent year-over-year gain in June 2018.
Only six of the 85 largest metro areas Redfin tracks saw a year-over-year decline in their median sale price, the biggest of which was once again in San Jose, where home prices were down 4.9 percent from a year earlier. Oxnard, CA (-4.8%), Oakland, CA (-2.0%), Seattle, WA (-0.5%), Lake County, IL (-0.1%) and Los Angeles, CA (-0.1%) rounded out the list of metro areas with price drops.
“As national home price growth stabilizes, we’re continuing to see supply and demand dynamics play out differently in affordable inland markets than in expensive coastal markets,” said Redfin chief economist Daryl Fairweather. “In places like Philadelphia and Cleveland, where home prices are growing by double digits and buyers are rate- and price-sensitive, falling mortgage interest rates make buying a home this summer increasingly attractive. But without a commensurate increase in the number of homes for sale, some of the most affordable markets are driving nationwide home prices up. Meanwhile, expensive markets like the Bay Area and Seattle are still feeling a chill with falling prices and many more homes for sale than there were a year ago. Unlike their inland counterparts, buyers in these once-hot West Coast markets are less likely to feel the urgency to buy while rates are low and before prices rise more. As long as mortgage rates and inventory are low, we’ll see more buyers competing for homes and driving up prices in places where they are still relatively affordable. And without more homes to buy, particularly at affordable price points, sales will continue to lag.”
| Market Summary | June 2019 | Month-Over-Month | Year-Over-Year |
|---|---|---|---|
| Median sale price | $321,200 | 1.7% | 3.4% |
| Homes sold | 302,700 | -5.4% | -8.0% |
| New listings | 370,100 | -12.5% | -5.7% |
| All Homes for sale | 899,900 | 0.9% | 0.5% |
| Median days on market | 35 | -1 | 0 |
| Months of supply | 3 | 0.2 | 0.3 |
| Sold above list | 24.9% | 0.5% | -3.5% |
| Median Off-Market Redfin Estimate | $300,300 | 1.4% | 6.1% |
| Average Sale-to-list | 98.8% | 0.4% | 0.1% |
Home sales fell 8.0 percent in June compared to a year earlier. This was a sharp reversal from May, when home sales increased 2.2 percent from a year before. The decline was broad—80 of the 85 metros tracked by Redfin saw year-over-year home sales fall in June.
The metro areas with the largest declines in sales were Rochester, NY (-24.2%), Omaha, NE (-23.5%), and Fort Lauderdale, FL (-22.4%).
With prices growing, flat inventory, and homes selling as fast as ever, we were surprised to see that the number of sales fell as much as it did in June. The 8 percent drop was the fourth largest decline in eight years. When our economists investigated they found that after adjusting for the number of weekdays in a month (Fridays in particular, since that is a common day for home closings), the sales were down just 3.5 percent year over year.
The supply of homes for sale grew 0.5 percent year over year, the smallest increase in the 10 months inventory has been rising. This is slightly higher than the data we posted for the third week of June earlier this month, suggesting that new listings gained strength in the last week of June. The inventory situation was mixed across the country, with 48 metros seeing a decline and 37 seeing an increase in the number of homes for sale compared to a year earlier.
The three metro areas with the biggest increases in the number of homes for sale were all in California: San Jose (+42.8%), Oxnard (+26.1%), and Oakland (+25.7%). The biggest declines were in New Orleans, LA (-32.0%), Rochester, NY (-27.8%), and Camden, NJ (-19.6%).
Even though sales were down from a year ago, the speed at which homes went off the market matched the all-time record set last June. Homes that sold last month went under contract after a median 35 days on market, unchanged from last year. The fastest markets in the nation were Tacoma, WA (7 days), Grand Rapids, MI (7), and Boston, MA (9).
On the other end of the spectrum, many of the markets that were the hottest last year saw an increase in days on market for June compared to a year ago:
- San Jose, CA: 26 days on market, up 14 days year over year
- Denver, CO: 12 days on market, up 5 days year over year
- Portland, OR: 16 days on market, up 4 days year over year
- Seattle, WA 11 days on market, up 4 days year over year
The average sale-to-list ratio of homes sold hit a new all-time high in June at 98.8% nationally. While the national sale-to-list price ratio masks regional variation, as the ratio approaches or exceeds 100%, it generally indicates that buyers have less leverage, or have had less success, negotiating prices down.
That said, there are still other measures that indicate the market is a little cooler than a year ago. The share of homes sold above list price was 24.9 percent in June, down from 28.4 percent a year earlier. Also, 26.5 percent of homes listed for sale had a price drop in June, up from 25.1 percent in June 2018.
Other June Highlights
Competition
- Grand Rapids, MI was the fastest market, with half of all homes pending sale in just 7 days, down from 9 days a year earlier. Tacoma, WA and Boston were the next fastest markets with 7 and 9 median days on market, followed by Indianapolis (10) and Omaha, NE (10).
- The most competitive market in June was San Francisco where 65.8% of homes sold above list price, followed by 56.8% in Oakland, CA, 51.5% in San Jose, CA, 49.9% in Tacoma, WA, and 49.7% in Rochester, NY.
Prices
- Knoxville, TN had the nation’s highest price growth, rising 16.3% since last year to $219,540. Philadelphia had the second highest growth at 14.9% year-over-year price growth, followed by Camden, NJ (13.9%), Cleveland (11.8%), and Oklahoma City (11.4%).
- 6 metros saw price declines in June. San Jose, CA declined the most since last year falling 4.9 percent to $1,177,944.
Sales
- Oxnard, CA led the nation in year-over-year sales growth, up 5.4%, followed by Hartford, CT, up 4.7%. Minneapolis rounded out the top three with sales up 4.2% from a year ago.
- Rochester, NY saw the largest decline in sales since last year, falling 24.2%. Home sales in Omaha, NE and Fort Lauderdale, FL declined by 23.5% and 22.4%, respectively.
Inventory
- San Jose, CA had the highest increase in the number of homes for sale, up 42.8% year over year, followed by Oxnard, CA (26.1%) and Oakland, CA (25.7%).
- New Orleans had the largest decrease in overall inventory, falling 32% since last June. Rochester, NY (-27.8%), Camden, NJ (-19.6%), and Virginia Beach, VA (-15.9%) also saw far fewer homes available on the market than a year ago.
Redfin Estimate
- The median list price-to-Redfin Estimate ratio was 95.4% in San Francisco, the lowest of any market. Only 11.7% of homes in San Francisco were listed for more than their Redfin Estimate.
- Conversely, the median list price-to-Redfin Estimate ratio was 104.7% in Bridgeport, CT and 102.1% in Miami, which means sellers are listing their homes for more than the estimated value in those metro areas. In Bridgeport, CT, 100.0% of homes were listed above their Redfin Estimate, the highest percentage of any metro.
Below are market-by-market breakdowns for prices, inventory, new listings and sales for markets with populations of 750 thousand or more. For downloadable data on all of the markets Redfin tracks, visit the Redfin Data Center.
Median Sale Price
| Redfin Metro | Median Sale Price | Month-Over-Month | Year-Over-Year |
|---|---|---|---|
| Albany, NY | $225,000 | 2.3% | 4.7% |
| Albuquerque, NM | $297,000 | 6.1% | 67.6% |
| Allentown, PA | $220,000 | 5.3% | 10.0% |
| Anaheim, CA | $730,000 | 1.8% | 0.7% |
| Atlanta, GA | $258,500 | 1.0% | 3.8% |
| Austin, TX | $330,000 | 0.0% | 2.3% |
| Bakersfield, CA | $250,000 | 4.6% | 6.4% |
| Baltimore, MD | $305,000 | 3.4% | 6.6% |
| Baton Rouge, LA | $222,300 | 3.4% | 9.0% |
| Birmingham, AL | $225,000 | -2.2% | 7.6% |
| Boston, MA | $529,900 | 2.5% | 2.9% |
| Bridgeport, CT | $440,000 | 6.6% | 0.0% |
| Buffalo, NY | $165,000 | 6.5% | 6.5% |
| Camden, NJ | $205,000 | 5.4% | 13.9% |
| Charleston, SC | $292,500 | 2.6% | 8.5% |
| Charlotte, NC | $270,000 | 1.9% | 6.7% |
| Chicago, IL | $267,000 | 1.5% | 0.8% |
| Cincinnati, OH | $202,000 | 3.3% | 6.4% |
| Cleveland, OH | $170,000 | 5.8% | 11.8% |
| Columbus, OH | $233,500 | 1.6% | 6.1% |
| Dallas, TX | $315,000 | 1.9% | 4.1% |
| Dayton, OH | $163,000 | 8.6% | 9.2% |
| Denver, CO | $425,000 | -0.2% | 2.2% |
| Detroit, MI | $145,000 | 2.7% | 7.4% |
| El Paso, TX | $165,000 | 0.0% | 5.1% |
| Elgin, IL | $240,000 | 4.4% | 0.9% |
| Fort Lauderdale, FL | $280,000 | 1.8% | 0.0% |
| Fort Worth, TX | $252,300 | -0.1% | 1.7% |
| Frederick, MD | $439,500 | 4.6% | 6.5% |
| Fresno, CA | $277,500 | -0.5% | 2.6% |
| Grand Rapids, MI | $219,000 | 0.5% | 6.8% |
| Greensboro, NC | $185,000 | 5.6% | 7.6% |
| Greenville, SC | $224,000 | 1.6% | 5.4% |
| Hartford, CT | $237,000 | 3.9% | 2.2% |
| Houston, TX | $252,500 | 1.0% | 3.4% |
| Indianapolis, IN | $198,500 | 2.2% | 5.0% |
| Jacksonville, FL | $245,000 | 4.7% | 2.1% |
| Kansas City, MO | $235,000 | 0.0% | 6.8% |
| Knoxville, TN | $219,500 | -0.2% | 16.3% |
| Lake County, IL | $249,900 | 5.2% | -0.1% |
| Las Vegas, NV | $287,000 | 0.7% | 4.4% |
| Los Angeles, CA | $632,500 | 1.2% | -0.1% |
| Louisville, KY | $215,000 | 4.9% | 8.5% |
| McAllen, TX | $159,000 | -3.6% | 10.4% |
| Memphis, TN | $208,500 | 4.8% | 6.9% |
| Miami, FL | $320,000 | 4.1% | 8.5% |
| Milwaukee, WI | $240,000 | 2.1% | 9.1% |
| Minneapolis, MN | $290,000 | 1.8% | 7.4% |
| Montgomery County, PA | $345,000 | 5.2% | 9.5% |
| Nashville, TN | $305,000 | 1.3% | 2.7% |
| Nassau County, NY | $465,500 | 4.2% | 8.3% |
| New Brunswick, NJ | $332,200 | 3.0% | 4.8% |
| New Haven, CT | $235,000 | 6.1% | 4.4% |
| New Orleans, LA | $239,000 | 1.5% | 7.8% |
| New York, NY | $495,000 | 5.3% | 1.4% |
| Newark, NJ | $390,000 | 5.4% | 9.9% |
| North Port, FL | $278,200 | -4.0% | 3.1% |
| Oakland, CA | $774,000 | 1.8% | -2.0% |
| Oklahoma City, OK | $194,900 | 5.4% | 11.4% |
| Omaha, NE | $219,000 | -1.4% | 6.8% |
| Orlando, FL | $260,000 | 0.8% | 4.4% |
| Oxnard, CA | $595,000 | -3.3% | -4.8% |
| Philadelphia, PA | $245,000 | 8.9% | 14.9% |
| Phoenix, AZ | $280,000 | 0.0% | 3.7% |
| Pittsburgh, PA | $199,000 | 12.4% | 9.4% |
| Portland, OR | $410,000 | -0.2% | 1.2% |
| Providence, RI | $300,000 | 1.8% | 7.1% |
| Raleigh, NC | $293,900 | -0.7% | 1.3% |
| Richmond, VA | $270,000 | 3.8% | 5.8% |
| Riverside, CA | $381,900 | 1.8% | 4.6% |
| Rochester, NY | $162,800 | 6.5% | 7.8% |
| Sacramento, CA | $419,000 | -0.2% | 2.2% |
| Salt Lake City, UT | $345,900 | 0.0% | 6.5% |
| San Antonio, TX | $239,000 | 0.8% | 3.9% |
| San Diego, CA | $600,000 | 2.6% | 3.5% |
| San Francisco, CA | $1,466,900 | -2.1% | 4.3% |
| San Jose, CA | $1,177,900 | 0.2% | -4.9% |
| Seattle, WA | $580,000 | -2.5% | -0.5% |
| St. Louis, MO | $205,000 | 5.1% | 9.1% |
| Tacoma, WA | $375,000 | 1.4% | 7.1% |
| Tampa, FL | $240,000 | 2.1% | 2.6% |
| Tucson, AZ | $231,800 | 0.8% | 10.4% |
| Tulsa, OK | $180,000 | -1.4% | 5.9% |
| Urban Honolulu, HI | $599,400 | 2.6% | 3.5% |
| Virginia Beach, VA | $245,000 | 0.8% | 0.9% |
| Warren, MI | $228,000 | 0.7% | 5.1% |
| Washington, DC | $428,700 | 1.6% | 4.1% |
| West Palm Beach, FL | $297,000 | 2.4% | 3.8% |
| Worcester, MA | $287,000 | 4.4% | 1.8% |
| National | $321,200 | 1.7% | 3.4% |
Homes Sold
| Redfin Metro | Homes Sold | Month-Over-Month | Year-Over-Year |
|---|---|---|---|
| Albany, NY | 900 | -4.8% | -10.9% |
| Albuquerque, NM | 13 | 0.0% | -71.1% |
| Allentown, PA | 1,061 | 0.9% | -2.7% |
| Anaheim, CA | 2,692 | -7.7% | -6.3% |
| Atlanta, GA | 9,784 | -10.2% | -11.8% |
| Austin, TX | 3,458 | -8.6% | -5.4% |
| Bakersfield, CA | 739 | -9.8% | -15.7% |
| Baltimore, MD | 4,120 | -0.8% | -20.1% |
| Baton Rouge, LA | 930 | -13.4% | -8.2% |
| Birmingham, AL | 1,557 | -5.7% | -6.1% |
| Boston, MA | 5,537 | 13.6% | -11.6% |
| Bridgeport, CT | 1,232 | 8.1% | -5.2% |
| Buffalo, NY | 928 | -5.3% | -17.2% |
| Camden, NJ | 1,824 | -5.2% | -6.1% |
| Charleston, SC | 1,727 | 2.7% | -4.4% |
| Charlotte, NC | 4,271 | -3.0% | -5.4% |
| Chicago, IL | 9,854 | -5.0% | -12.0% |
| Cincinnati, OH | 2,539 | -1.5% | -4.2% |
| Cleveland, OH | 2,756 | -6.8% | -12.7% |
| Columbus, OH | 3,048 | -0.7% | -5.1% |
| Dallas, TX | 6,113 | -12.9% | -9.3% |
| Dayton, OH | 1,086 | -14.8% | -12.3% |
| Denver, CO | 5,344 | -6.4% | -7.5% |
| Detroit, MI | 1,855 | -7.5% | -0.6% |
| El Paso, TX | 737 | -15.4% | -6.7% |
| Elgin, IL | 1,328 | 6.8% | -7.7% |
| Fort Lauderdale, FL | 2,825 | -15.6% | -22.4% |
| Fort Worth, TX | 3,129 | -8.5% | -8.6% |
| Frederick, MD | 1,771 | -5.2% | -15.9% |
| Fresno, CA | 807 | -2.9% | -17.5% |
| Grand Rapids, MI | 1,489 | -2.9% | -0.4% |
| Greensboro, NC | 844 | -10.6% | -17.0% |
| Greenville, SC | 1,212 | -7.1% | -4.1% |
| Hartford, CT | 1,675 | 12.2% | 4.7% |
| Houston, TX | 8,479 | -7.2% | -5.9% |
| Indianapolis, IN | 3,483 | 0.3% | -7.9% |
| Jacksonville, FL | 2,549 | -13.4% | -6.1% |
| Kansas City, MO | 3,771 | 0.5% | -6.6% |
| Knoxville, TN | 1,275 | -14.3% | -7.9% |
| Lake County, IL | 1,410 | 2.7% | -5.7% |
| Las Vegas, NV | 3,516 | -10.9% | -12.7% |
| Los Angeles, CA | 6,209 | -4.4% | -11.4% |
| Louisville, KY | 1,509 | -1.6% | -1.8% |
| McAllen, TX | 280 | -13.0% | -3.8% |
| Memphis, TN | 1,201 | -8.8% | -12.0% |
| Miami, FL | 2,370 | -18.1% | -21.8% |
| Milwaukee, WI | 2,198 | 1.8% | -1.4% |
| Minneapolis, MN | 6,656 | 8.8% | 4.2% |
| Montgomery County, PA | 3,017 | 15.3% | -1.2% |
| Nashville, TN | 3,901 | -1.0% | 1.9% |
| Nassau County, NY | 2,588 | 8.3% | 1.3% |
| New Brunswick, NJ | 3,474 | -2.3% | -1.0% |
| New Haven, CT | 1,094 | 9.6% | -9.4% |
| New Orleans, LA | 1,461 | -2.8% | 3.7% |
| New York, NY | 4,469 | 5.9% | -7.6% |
| Newark, NJ | 2,503 | 8.4% | 0.8% |
| North Port, FL | 2,092 | -14.7% | -0.6% |
| Oakland, CA | 2,558 | -13.8% | -12.6% |
| Oklahoma City, OK | 2,038 | -13.5% | -1.6% |
| Omaha, NE | 1,199 | -11.4% | -23.5% |
| Orlando, FL | 4,263 | -8.7% | -1.8% |
| Oxnard, CA | 818 | -1.7% | 5.4% |
| Philadelphia, PA | 2,335 | -7.3% | -18.6% |
| Phoenix, AZ | 9,134 | -10.3% | 0.9% |
| Pittsburgh, PA | 2,463 | -4.6% | -13.0% |
| Portland, OR | 3,586 | -7.1% | -7.4% |
| Providence, RI | 2,069 | 0.9% | -9.6% |
| Raleigh, NC | 2,648 | -3.6% | -7.2% |
| Richmond, VA | 2,009 | 6.4% | -2.7% |
| Riverside, CA | 4,975 | -9.0% | -8.6% |
| Rochester, NY | 1,008 | -4.0% | -24.2% |
| Sacramento, CA | 2,799 | -8.1% | -13.5% |
| Salt Lake City, UT | 1,769 | -9.6% | -13.2% |
| San Antonio, TX | 2,937 | -11.7% | -8.2% |
| San Diego, CA | 3,051 | -11.9% | -14.3% |
| San Francisco, CA | 986 | -15.0% | -13.7% |
| San Jose, CA | 1,308 | -15.1% | -13.3% |
| Seattle, WA | 4,673 | -2.7% | -7.3% |
| St. Louis, MO | 4,106 | -5.0% | -8.0% |
| Tacoma, WA | 1,590 | 5.0% | -10.3% |
| Tampa, FL | 5,860 | -9.4% | -1.7% |
| Tucson, AZ | 1,598 | -14.2% | -7.1% |
| Tulsa, OK | 1,204 | -15.5% | -9.8% |
| Urban Honolulu, HI | 774 | -6.5% | -14.7% |
| Virginia Beach, VA | 2,493 | -4.3% | -2.3% |
| Warren, MI | 3,794 | -4.7% | -6.8% |
| Washington, DC | 7,324 | -6.4% | -14.6% |
| West Palm Beach, FL | 2,849 | -16.4% | -14.1% |
| Worcester, MA | 1,198 | 13.1% | -12.5% |
| National | 302,700 | -5.4% | -8.0% |
New Listings
| Redfin Metro | New Listings | Month-Over-Month | Year-Over-Year |
|---|---|---|---|
| Albany, NY | 1,296 | -10.6% | -11.5% |
| Albuquerque, NM | 1,612 | 2.2% | -3.2% |
| Allentown, PA | 1,257 | -6.0% | -7.4% |
| Anaheim, CA | 3,213 | -16.7% | -12.8% |
| Atlanta, GA | 11,807 | -12.3% | -12.2% |
| Austin, TX | 4,175 | -11.3% | -3.0% |
| Bakersfield, CA | 984 | -12.4% | -9.5% |
| Baltimore, MD | 4,875 | -17.7% | -6.6% |
| Baton Rouge, LA | 1,216 | -6.4% | -9.9% |
| Birmingham, AL | 1,800 | -8.4% | -3.6% |
| Boston, MA | 6,495 | -21.3% | -4.6% |
| Bridgeport, CT | 1,593 | -26.7% | -1.6% |
| Buffalo, NY | 1,566 | -2.1% | 5.5% |
| Camden, NJ | 2,173 | -15.4% | -12.6% |
| Charleston, SC | 1,708 | -18.7% | -8.0% |
| Charlotte, NC | 4,624 | -13.9% | -5.3% |
| Chicago, IL | 12,875 | -11.2% | -3.1% |
| Cincinnati, OH | 2,715 | -12.7% | -12.8% |
| Cleveland, OH | 3,415 | -10.4% | -9.4% |
| Columbus, OH | 3,608 | -9.5% | -2.1% |
| Dallas, TX | 8,524 | -6.2% | -5.6% |
| Dayton, OH | 1,413 | -3.5% | -1.6% |
| Denver, CO | 6,623 | -15.7% | 0.1% |
| Detroit, MI | 2,912 | -1.9% | -0.1% |
| El Paso, TX | 1,089 | 13.8% | 38.5% |
| Elgin, IL | 1,554 | -9.3% | 1.4% |
| Fort Lauderdale, FL | 3,845 | -6.4% | -7.4% |
| Fort Worth, TX | 4,139 | -8.1% | -7.3% |
| Frederick, MD | 2,035 | -20.7% | -3.1% |
| Fresno, CA | 924 | -14.0% | -12.1% |
| Grand Rapids, MI | 1,969 | -7.2% | 5.2% |
| Greensboro, NC | 1,012 | -9.9% | 3.9% |
| Greenville, SC | 1,474 | -10.5% | 6.1% |
| Hartford, CT | 1,962 | -19.0% | -5.0% |
| Houston, TX | 11,407 | -8.9% | -1.1% |
| Indianapolis, IN | 3,588 | -12.3% | -11.3% |
| Jacksonville, FL | 2,921 | -12.6% | -11.6% |
| Kansas City, MO | 4,091 | -9.3% | -9.7% |
| Knoxville, TN | 1,428 | -14.9% | 12.0% |
| Lake County, IL | 1,762 | -12.0% | -5.2% |
| Las Vegas, NV | 4,550 | -9.5% | -0.7% |
| Los Angeles, CA | 7,737 | -11.0% | -12.0% |
| Louisville, KY | 1,744 | -10.9% | -5.5% |
| McAllen, TX | 465 | -1.9% | 20.2% |
| Memphis, TN | 1,482 | -4.6% | -8.5% |
| Miami, FL | 3,633 | -12.7% | -11.0% |
| Milwaukee, WI | 2,536 | -4.0% | 6.3% |
| Minneapolis, MN | 7,782 | -11.1% | -2.5% |
| Montgomery County, PA | 3,114 | -20.8% | -7.5% |
| Nashville, TN | 4,607 | -6.8% | -1.3% |
| Nassau County, NY | 3,896 | -14.7% | -6.7% |
| New Brunswick, NJ | 4,428 | -11.1% | -8.6% |
| New Haven, CT | 1,263 | -20.6% | -1.9% |
| New Orleans, LA | 1,622 | -9.8% | 16.7% |
| New York, NY | 8,851 | -19.8% | -7.9% |
| Newark, NJ | 3,083 | -17.1% | -6.8% |
| North Port, FL | 1,871 | -13.7% | -8.6% |
| Oakland, CA | 3,056 | -16.1% | -10.6% |
| Oklahoma City, OK | 2,494 | -4.1% | -2.9% |
| Omaha, NE | 1,525 | -13.1% | -6.4% |
| Orlando, FL | 4,905 | -9.9% | -1.2% |
| Oxnard, CA | 953 | -10.4% | -5.8% |
| Philadelphia, PA | 3,091 | -15.2% | -3.6% |
| Phoenix, AZ | 8,381 | -16.6% | -10.1% |
| Pittsburgh, PA | 3,037 | -9.9% | -4.0% |
| Portland, OR | 4,701 | -14.4% | 0.7% |
| Providence, RI | 2,441 | -18.0% | -15.1% |
| Raleigh, NC | 2,703 | -15.1% | -1.2% |
| Richmond, VA | 2,099 | -14.9% | -2.3% |
| Riverside, CA | 5,993 | -11.4% | -12.2% |
| Rochester, NY | 1,598 | -2.3% | 1.2% |
| Sacramento, CA | 3,620 | -17.3% | -12.8% |
| Salt Lake City, UT | 2,054 | -14.0% | -6.7% |
| San Antonio, TX | 3,746 | -10.9% | -4.1% |
| San Diego, CA | 3,820 | -12.6% | -13.4% |
| San Francisco, CA | 1,097 | -23.8% | -15.4% |
| San Jose, CA | 1,573 | -25.2% | -9.7% |
| Seattle, WA | 5,421 | -21.5% | -14.3% |
| St. Louis, MO | 4,628 | -10.0% | -10.5% |
| Tacoma, WA | 1,810 | -18.6% | -8.1% |
| Tampa, FL | 6,365 | -7.6% | -2.9% |
| Tulsa, OK | 1,489 | -8.3% | -12.9% |
| Urban Honolulu, HI | 1,049 | -8.7% | -1.6% |
| Virginia Beach, VA | 2,658 | -19.2% | -13.2% |
| Warren, MI | 5,450 | -6.2% | -5.3% |
| Washington, DC | 7,965 | -19.2% | -10.0% |
| West Palm Beach, FL | 3,235 | -13.2% | -9.4% |
| Worcester, MA | 1,578 | -13.0% | -6.2% |
| National | 370,100 | -12.5% | -5.7% |
All Homes for Sale
| Redfin Metro | All Homes for Sale | Month-Over-Month | Year-Over-Year |
|---|---|---|---|
| Albany, NY | 3,015 | 0.8% | -8.1% |
| Albuquerque, NM | 3,976 | -8.1% | -15.0% |
| Allentown, PA | 3,454 | 21.9% | 25.1% |
| Anaheim, CA | 8,915 | -4.9% | 5.5% |
| Atlanta, GA | 25,343 | -2.6% | -7.7% |
| Austin, TX | 7,908 | 1.5% | -8.0% |
| Bakersfield, CA | 1,947 | -4.5% | -14.9% |
| Baltimore, MD | 10,993 | 3.4% | 2.5% |
| Baton Rouge, LA | 4,041 | -4.4% | 1.6% |
| Birmingham, AL | 4,865 | -0.2% | -8.2% |
| Boston, MA | 11,342 | 13.7% | 23.8% |
| Bridgeport, CT | 6,693 | -1.8% | -2.6% |
| Buffalo, NY | 2,096 | 5.5% | -9.9% |
| Camden, NJ | 6,046 | -2.5% | -19.6% |
| Charleston, SC | 6,314 | -3.9% | 3.9% |
| Charlotte, NC | 11,634 | -1.4% | -2.3% |
| Chicago, IL | 41,706 | 6.4% | 13.1% |
| Cincinnati, OH | 7,021 | -0.6% | -9.7% |
| Cleveland, OH | 8,320 | -0.5% | -6.7% |
| Columbus, OH | 6,869 | 4.3% | -0.7% |
| Dallas, TX | 19,052 | -2.2% | 4.2% |
| Dayton, OH | 2,572 | 5.4% | -12.1% |
| Denver, CO | 9,108 | 3.2% | 21.4% |
| Detroit, MI | 5,231 | 3.3% | 8.5% |
| El Paso, TX | 2,627 | 1.9% | -1.0% |
| Elgin, IL | 4,648 | 7.4% | 15.1% |
| Fort Lauderdale, FL | 14,789 | -0.2% | 11.7% |
| Fort Worth, TX | 7,411 | -4.1% | -3.5% |
| Frederick, MD | 3,782 | 4.2% | 5.1% |
| Fresno, CA | 1,743 | -5.3% | 0.5% |
| Grand Rapids, MI | 2,564 | 7.7% | 10.0% |
| Greensboro, NC | 2,851 | 11.3% | 10.6% |
| Greenville, SC | 4,511 | 3.1% | 10.9% |
| Hartford, CT | 5,886 | -1.0% | -7.2% |
| Houston, TX | 29,293 | 0.1% | 3.8% |
| Indianapolis, IN | 5,274 | -1.4% | -8.8% |
| Jacksonville, FL | 7,746 | -3.1% | -5.8% |
| Knoxville, TN | 4,719 | 4.6% | 23.4% |
| Lake County, IL | 6,090 | 3.7% | 5.7% |
| Las Vegas, NV | 12,109 | 0.3% | 22.0% |
| Los Angeles, CA | 18,755 | -3.0% | 4.8% |
| Louisville, KY | 3,292 | 0.9% | -1.0% |
| McAllen, TX | 1,878 | -0.8% | -5.4% |
| Memphis, TN | 2,970 | -1.3% | -11.6% |
| Miami, FL | 17,692 | -3.6% | 1.1% |
| Milwaukee, WI | 5,523 | 5.1% | 2.7% |
| Minneapolis, MN | 11,678 | 5.9% | -0.7% |
| Montgomery County, PA | 6,834 | 10.6% | -14.1% |
| Nashville, TN | 11,890 | 0.6% | 11.1% |
| Nassau County, NY | 12,368 | 0.4% | 5.0% |
| New Brunswick, NJ | 13,742 | -0.3% | -1.0% |
| New Haven, CT | 4,198 | -2.4% | -2.4% |
| New Orleans, LA | 4,215 | -2.9% | -32.0% |
| New York, NY | 41,379 | -2.0% | -1.7% |
| Newark, NJ | 10,243 | 2.3% | 4.5% |
| North Port, FL | 6,618 | -9.2% | -6.1% |
| Oakland, CA | 4,066 | 2.3% | 25.7% |
| Oklahoma City, OK | 4,963 | -1.0% | -13.8% |
| Omaha, NE | 1,826 | 1.5% | -12.0% |
| Orlando, FL | 9,736 | -4.5% | -2.9% |
| Oxnard, CA | 2,525 | -1.1% | 26.1% |
| Philadelphia, PA | 7,188 | 8.6% | -0.4% |
| Phoenix, AZ | 17,820 | -12.7% | -7.3% |
| Pittsburgh, PA | 9,276 | 0.7% | -6.3% |
| Portland, OR | 8,418 | 4.2% | 15.3% |
| Providence, RI | 5,867 | 1.3% | -7.2% |
| Raleigh, NC | 6,629 | -2.9% | -6.5% |
| Richmond, VA | 3,256 | -3.1% | -8.3% |
| Riverside, CA | 15,873 | -4.9% | -6.1% |
| Rochester, NY | 1,779 | 4.5% | -27.8% |
| Sacramento, CA | 5,876 | 0.9% | -1.1% |
| Salt Lake City, UT | 4,007 | 4.8% | 6.4% |
| San Antonio, TX | 9,001 | -3.9% | -2.4% |
| San Diego, CA | 7,379 | 0.1% | -2.2% |
| San Francisco, CA | 1,608 | -2.8% | 13.0% |
| San Jose, CA | 2,731 | -2.6% | 42.8% |
| Seattle, WA | 7,805 | 0.9% | 20.0% |
| St. Louis, MO | 12,300 | 17.2% | -1.1% |
| Tacoma, WA | 2,074 | -1.0% | -15.4% |
| Tampa, FL | 13,020 | -5.0% | -4.1% |
| Tulsa, OK | 4,662 | 23.2% | 7.4% |
| Urban Honolulu, HI | 4,014 | 3.7% | 18.4% |
| Virginia Beach, VA | 6,618 | -5.1% | -15.9% |
| Warren, MI | 9,193 | 8.0% | 9.4% |
| Washington, DC | 13,887 | 7.7% | -7.5% |
| West Palm Beach, FL | 13,715 | -5.8% | -0.2% |
| Worcester, MA | 2,889 | 12.4% | 0.6% |
| National | 899,900 | 0.9% | 0.5% |
Median Off-Market Redfin Estimate
| Redfin Metro | Estimate | Month-Over-Month | Year-Over-Year |
|---|---|---|---|
| Albany, NY | $216,600 | 1.0% | 3.0% |
| Allentown, PA | $214,500 | 0.9% | 6.3% |
| Atlanta, GA | $228,400 | 0.9% | 10.9% |
| Austin, TX | $311,800 | 0.6% | 5.3% |
| Bakersfield, CA | $221,000 | 0.7% | 6.2% |
| Baltimore, MD | $263,400 | 1.5% | 5.7% |
| Baton Rouge, LA | $170,400 | 1.0% | 13.4% |
| Birmingham, AL | $151,300 | 1.4% | 4.3% |
| Boston, MA | $493,600 | -0.3% | 2.7% |
| Buffalo, NY | $160,300 | 1.1% | 6.4% |
| Camden, NJ | $198,600 | 1.1% | 4.7% |
| Charlotte, NC | $205,000 | 0.6% | 4.6% |
| Chicago, IL | $246,500 | 1.5% | 5.2% |
| Cincinnati, OH | $172,600 | 0.8% | 5.1% |
| Cleveland, OH | $140,500 | 0.8% | 4.8% |
| Columbus, OH | $194,900 | 0.9% | 6.5% |
| Dallas, TX | $260,400 | 0.5% | 3.9% |
| Dayton, OH | $120,700 | 1.1% | 5.0% |
| Denver, CO | $412,900 | 0.6% | 1.9% |
| Detroit, MI | $102,800 | -1.7% | 3.0% |
| Fort Lauderdale, FL | $268,800 | 0.2% | 5.8% |
| Fort Worth, TX | $218,900 | 0.6% | 6.2% |
| Fresno, CA | $258,600 | 0.1% | 5.1% |
| Grand Rapids, MI | $166,400 | 1.2% | 7.2% |
| Greenville, SC | $188,400 | 1.1% | 16.3% |
| Houston, TX | $211,300 | 0.6% | 4.9% |
| Indianapolis, IN | $165,000 | 1.1% | 7.4% |
| Jacksonville, FL | $223,200 | 0.8% | 7.2% |
| Kansas City, MO | $189,100 | 1.1% | 4.6% |
| Knoxville, TN | $175,100 | 1.2% | 21.3% |
| Las Vegas, NV | $279,500 | 0.4% | 7.4% |
| Los Angeles, CA | $632,500 | 0.4% | 3.5% |
| Louisville, KY | $174,100 | 1.0% | 18.8% |
| Memphis, TN | $144,400 | 1.6% | 9.6% |
| Miami, FL | $300,500 | 0.4% | 4.7% |
| Milwaukee, WI | $195,300 | 0.7% | -4.1% |
| Minneapolis, MN | $266,400 | 1.0% | 5.8% |
| Montgomery County, PA | $319,700 | 0.6% | 2.5% |
| Nashville, TN | $264,700 | 1.2% | 10.6% |
| New Orleans, LA | $184,100 | 2.8% | 11.8% |
| Newark, NJ | $368,000 | -0.6% | 10.8% |
| Oakland, CA | $773,200 | 0.4% | 1.0% |
| Oklahoma City, OK | $151,600 | 1.1% | 9.8% |
| Omaha, NE | $178,600 | 0.9% | 8.1% |
| Orlando, FL | $237,100 | 0.7% | 6.3% |
| Oxnard, CA | $603,700 | 0.2% | 1.7% |
| Philadelphia, PA | $183,500 | 1.5% | -8.0% |
| Phoenix, AZ | $274,800 | 0.5% | 6.1% |
| Pittsburgh, PA | $150,100 | 0.1% | 10.3% |
| Portland, OR | $400,500 | 0.8% | 3.3% |
| Providence, RI | $296,100 | -0.3% | 3.0% |
| Raleigh, NC | $271,800 | 0.7% | 6.3% |
| Richmond, VA | $227,300 | 1.2% | 4.4% |
| Riverside, CA | $369,500 | 0.5% | 3.8% |
| Rochester, NY | $149,700 | 1.4% | 7.3% |
| Sacramento, CA | $409,800 | 1.1% | 3.6% |
| Salt Lake City, UT | $334,200 | 0.6% | 6.4% |
| San Antonio, TX | $196,700 | 0.8% | 5.8% |
| San Diego, CA | $599,500 | 0.4% | 2.6% |
| San Francisco, CA | $1,332,500 | 0.7% | -0.9% |
| San Jose, CA | $1,190,900 | 0.0% | -7.1% |
| Seattle, WA | $561,900 | 0.4% | -0.2% |
| St. Louis, MO | $162,700 | 1.0% | 6.9% |
| Tacoma, WA | $357,400 | 1.0% | 5.2% |
| Tampa, FL | $222,100 | 0.7% | 5.3% |
| Tucson, AZ | $216,100 | 1.3% | 8.2% |
| Tulsa, OK | $144,000 | 1.0% | 6.7% |
| Warren, MI | $207,100 | -0.4% | 0.4% |
| Washington, DC | $393,400 | -0.1% | 3.3% |
| West Palm Beach, FL | $270,800 | 0.5% | 4.1% |
| Worcester, MA | $289,800 | 0.4% | 4.7% |
| National | $300,300 | 1.4% | 6.1% |
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