Home Prices Up 8% as Supply Fell 22% to a New All-Time Low in July

New enumerates outshone 2019 grades for the first time since the pandemic began, up 3 %, but failed to keep up with the rate of auctions, up 5% year over time.

The national median home price rose 8.2% year over year to $323,800 in July. This is the third time in four months that tolls have punched a brand-new all-time high, as low-grade mortgage paces could still drive a spike in early homebuyer requisition that has not been met with a meet flood in homes for sale.

“The housing market is intense right now, ” said Albuquerque Redfin agent Jimmy Martinez. “We’ve got about half as numerous homes for sale as there were at this time last year, met by a big surge in beings moving here from across the country in addition to lots of regional homebuyers, all of which has pushed tolls up dramatically from last year.”

The current charge of residence rate expansion is the highest in over two years, and approximately on equality with tiers that were last seen between late 2016 and early 2018.

Median prices increased in all but one of the 85 largest metro orbits Redfin racetracks. The only field where expenditures descended was Honolulu( -4 %). Meanwhile, Birmingham, AL (+ 16.8% ), Bridgeport, CT (+ 16.5%) and Fort Lauderdale (+ 14.3% ), identified the most important one year-over-year increases.

“Home sales made a whopping convalescence in July, ” said Redfin prime economist Daryl Fairweather. “It may seem like the Twilight Zone for the residence sell to be playing better than ever while the economy is in the cistern, but it goes to show that we are in absolutely unprecedented periods. The building grocery was improbably robust going into the pandemic with household debt at its lowest level in 40 years. The less indebtednes someone has, the less likely they are to be worried about affording a mortgage, which is as inexpensive as it’s ever been due to record-low interest rates, making a home purchase extremely appealing to people who are lucky enough to be securely employed.”

Sell Summary July 2020 Month-Over-Month Year-Over-Year

Median sale price $323,800 4.3% 8.2% Homes sold, seasonally-adjusted 565,100 21.7% 4.9% Pending sales, seasonally-adjusted 526,500 13.1% 16.5% New inventories, seasonally-adjusted 618,300 9.2% 2.7% All Homes for sale, seasonally-adjusted 1,700,600 -2. 2% -21.8% Median epoches on marketplace 35 -4 -2 Months of supplying 1.6 -0. 4 -1 Sold above index 29.6% 3.0 pts+ 4.3 pts+

Median Off-Market Redfin Estimate $312,800 2.2% 4.0% Average Sale-to-list 99.1% 0.4 pts+ 0.5 pts+

+- “pts”= percentage point change

Home auctions was an increase 4.9% in July from a year earlier on a seasonally-adjusted basis, a sharp-witted increase from the 13% drop in June, and the first year-over-year increase since the pandemic began in March.

Home auctions increased in July from a year earlier in 67 of the 85 largest metro areas–nearly three times as numerous as in June. The largest gains in auctions were in Bridgeport, CT (+ 34.9% ), Baton Rouge, LA (+ 33.8%) and Lake County, IL (+ 26.4% ). There are still a handful of groceries where auctions are falling though, with New York dominate the inventory of the biggest refuses, led by Nassau County, NY( -3 8.9% ), Buffalo, NY( -3 7.7%) and New York City( -3 5.2% ).

Active listings–the count of all homes that were for sale at any time during the month–fell 21.8% time over year to their lowest level on record in July, the 11 th-straight month of diminishes. The quantity scarcity is worsening because dwelling marketings are increasing at a faster pace than the number of homes being registered. At the same time, a proliferating share of residences is selling abruptly, leaving few for sale from 1 month to the next.

For the second month in a row, San Francisco was the only one of the 85 largest metroes moved by Redfin that affixed a year-over-year increase in the counting of seasonally-adjusted active itemizes of dwellings for sale. Active listings were up 50.9% there as expanding work-from-home policies is ongoing to drive increased movement away from the city.

” A heap of parties have been leaving the city of San Francisco since shelter-in-place began ,” said Redfin San Francisco index agent Joanna Rose.” Marketers want to leave the city and move into more suburban areas. They are fleeing city life for big homes, bigger grounds, main office setups, and so on. A bunch of San Francisco‘s highly tech-based personnel “il work” from dwelling for at least another time and they want out of their small-minded city condos .”

Compared to a year ago, the most important one slumps in active casing quantity in July were in Tulsa( -5 7.7% ), Allentown, PA( -5 4.5%) and Kansas City, MO( -5 2.2% ).

The number of new indices of homes for sale increased 2.7% in July from a year earlier, the first such multiply since February and merely the second in the past 14 months. However, homes are still being purchased at a much faster rate than brand-new residences are being listed for sale. Pending marketings were up 16.5% from July 2019.

As a result of the imbalance between the number of homebuyers and sellers in world markets , effective measures to contender such as period on marketplace and the proportion of homes sold above list price tended toward an increasingly competitive market in July.

The conventional home that sold in July travelled under contract in 35 days–one day less than a year earlier. The share of homes that obtained a buyer within two weeks of rostering slam a record in July at 48.5% — up from precisely 35.7% in July 2019 and the highest level since we began measuring it in 2012.

In July 29.6% of dwellings sold above list price up from 25.3% a year earlier.

Other July Highlights

Competition

Grand Rapids, MI and Tacoma, WA were tied for the fastest market, with half of all dwellings pending marketing in only 7 days. Indianapolis and Seattle were the next fastest markets with 8 median dates on market. The most competitive market in July was Rochester, NY where 60.5% of homes sold above list price, must be accompanied by 56.2% in Oakland, CA, 54.2% in Tacoma, WA, 51.0% in San Francisco, and 50.3% in San Jose, CA.

Prices

Birmingham, AL had the nation’s highest price growth, rising 16.8% since last year to $246,500. Bridgeport, CT had the second highest growth at 16.5% year-over-year price growth, followed by Fort Lauderdale, FL( 14.3% ), West Palm Beach, FL( 14% ), and Milwaukee( 14% ). Only one major metro place checked rate refuses in July: Honolulu, HI( -4 %).

Sales

Bridgeport, CT headed the commonwealth in year-over-year auctions raise, up 34.9%, followed by Baton Rouge, LA, up 33.8%. Lake County, IL rounded out the three best with sales up 26.4% from a year ago. Nassau County, NY saw the largest decline in marketings since last year, falling 38.9%. Home marketings in Buffalo, NY and New York drop by 37.7% and 35.2%, respectively.

Inventory

San Francisco was the only metro with a year-over-year increase in the number of dwellings for sale, up 51% from 2019 in July. Tulsa, OK had the largest decrease in overall active enumerates, precipitating 57.7% since last July. Allentown, PA( -5 4 %), Kansas City, MO( -5 2 %), and Salt Lake City( -5 2 %) likewise realized far fewer residences available on the open market than a year ago.

Redfin Estimate

Miami( 90.4%) had the largest proportion of dwellings predicted to sell for below list price, according to Redfin Estimate data, followed by West Palm Beach, FL (8 8.2%) and Fort Lauderdale, FL (8 4.9% ). Oakland, CA (8 6.9%) had the largest proportion of homes predicted to sell at or above list price, followed by San Jose, CA (8 5.6%) and San Francisco (8 4.4% ).

Below are market-by-market explosions for costs, stock-take, brand-new inventories and sales for sells with populations of 750, 000 or more. For downloadable data on all of world markets Redfin tracks, inspect the Redfin Data Center.

Median Sale Price

Redfin Metro Median Sale Price Month-Over-Month Year-Over-Year

Albany, NY $241,000 8.0% 7.1% Allentown, PA $239,900 4.3% 9.0% Anaheim, CA $763,000 0.4% 5.2% Atlanta, GA $278,000 3.0% 9.0% Austin, TX $355,000 4.4% 10.9% Bakersfield, CA $270,000 1.9% 8.4% Baltimore, MD $320,000 3.2% 6.8% Baton Rouge, LA $222,000 3.3% 6.2% Birmingham, AL $246,500 2.9% 16.8% Boston, MA $555,000 2.8% 4.7% Bridgeport, CT $492,800 1.6% 16.5% Buffalo, NY $180,000 9.1% 6.5% Camden, NJ $230,000 5.1% 9.5% Charlotte, NC $293,000 1.1% 8.6% Chicago, IL $282,500 4.6% 7.4% Cincinnati, OH $222,500 3.5% 13.3% Cleveland, OH $175,000 1.2% 2.9% Columbus, OH $254,900 2.0% 10.9% Dallas, TX $324,000 2.9% 8.0% Dayton, OH $170,000 0.6% 9.7% Denver, CO $455,000 3.4% 7.0% Detroit, MI $165,000 4.4% 13.8% El Paso, TX $179,900 2.8% 9.0% Elgin, IL $254,700 2.1% 10.9% Fort Lauderdale, FL $320,000 3.2% 14.3% Fort Worth, TX $265,000 1.9% 6.0% Frederick, MD $448,400 3.1% 6.8% Fresno, CA $318,500 2.7% 13.7% Grand Rapids, MI $237,800 2.5% 10.3% Greensboro, NC $205,000 2.5% 12.0% Greenville, SC $237,000 0.9% 5.3% Hartford, CT $257,200 5.0% 9.2% Houston, TX $270,500 2.9% 8.2% Indianapolis, IN $225,000 2.3% 12.5% Jacksonville, FL $265,000 3.9% 8.2% Kansas City, MO $255,500 2.2% 10.1% Knoxville, TN $249,000 5.1% 12.7% Lake County, IL $268,000 8.5% 6.1% Las Vegas, NV $310,000 0.6% 8.8% Los Angeles, CA $700,000 6.9% 7.7% Louisville, KY $235,000 9.3% 9.3% McAllen, TX $175,500 5.1% 6.4% Memphis, TN $220,000 2.3% 5.3% Miami, FL $340,000 0.0% 7.9% Milwaukee, WI $260,000 3.8% 14.0% Minneapolis, MN $313,000 2.5% 9.8% Montgomery County, PA $360,000 3.6% 7.9% Nashville, TN $328,800 2.8% 9.1% Nassau County, NY $482,500 2.2% 1.6% New Brunswick, NJ $365,000 2.8% 9.0% New Haven, CT $255,000 6.2% 10.9% New Orleans, LA $260,000 7.0% 11.3% New York, NY $530,000 1.9% 1.0% Newark, NJ $415,000 3.8% 8.9% North Port, FL $312,000 7.8% 13.5% Oakland, CA $819,000 2.5% 9.9% Oklahoma City, OK $207,000 1.0% 11.3% Omaha, NE $240,000 4.3% 9.1% Orlando, FL $280,000 0.4% 8.5% Oxnard, CA $659,000 2.3% 7.2% Philadelphia, PA $249,900 0.0% 10.6% Phoenix, AZ $320,000 3.2% 13.5% Pittsburgh, PA $200,800 0.9% 9.4% Portland, OR $439,900 2.3% 8.6% Providence, RI $325,000 3.7% 10.2% Raleigh, NC $313,000 3.3% 6.8% Richmond, VA $289,000 5.1% 9.1% Riverside, CA $420,000 2.9% 10.5% Rochester, NY $175,000 8.7% 6.4% Sacramento, CA $465,000 4.5% 10.7% Salt Lake City, UT $380,000 2.4% 9.2% San Antonio, TX $260,000 4.0% 8.8% San Diego, CA $645,000 5.9% 10.3% San Francisco, CA $1,475,000 -4. 8% 3.5% San Jose, CA $1,200,000 2.1% 6.7% Seattle, WA $625,000 1.6% 11.2% St. Louis, MO $215,000 2.4% 13.2% Tacoma, WA $426,500 4.0% 13.5% Tampa, FL $265,000 2.7% 10.7% Tucson, AZ $252,000 2.9% 8.2% Tulsa, OK $201,200 3.2% 10.2% Honolulu, HI $600,000 1.1% -4.0% Virginia Beach, VA $274,900 7.8% 10.0% Warren, MI $247,100 4.7% 9.8% Washington, DC $470,000 6.8% 11.4% West Palm Beach, FL $325,000 3.7% 14.0% Worcester, MA $321,800 7.3% 12.9% National

$323,800

4.3%

8.2%

Homes Sold

Redfin Metro Homes Sold Month-Over-Month Year-Over-Year

Albany, NY 883 34.2% -18.4% Allentown, PA 1,072 76.0% 2.2% Anaheim, CA 3,021 39.1% 4.6% Atlanta, GA 11,500 8.5% 6.7% Austin, TX 4,169 6.1% 12.8% Bakersfield, CA 908 15.4% 4.2% Baltimore, MD 4,742 13.3% 9.9% Baton Rouge, LA 1,353 12.1% 33.8% Birmingham, AL 1,677 -2. 6% 5.1% Boston, MA 5,340 31.8% -5.8% Bridgeport, CT 1,750 59.2% 34.9% Buffalo, NY 774 15.5% -37.7% Camden, NJ 2,103 20.2% 5.6% Charlotte, NC 5,155 6.6% 11.9% Chicago, IL 10,821 32.1% 7.3% Cincinnati, OH 3,461 10.6% 8.6% Cleveland, OH 3,286 20.0% 9.1% Columbus, OH 3,259 9.0% 1.7% Dallas, TX 8,171 12.3% 19.4% Dayton, OH 1,253 7.3% -1.0% Denver, CO 6,840 16.7% 22.3% Detroit, MI 2,174 31.5% 2.5% El Paso, TX 931 5.7% 18.0% Elgin, IL 1,462 28.5% 16.8% Fort Lauderdale, FL 3,002 20.3% -12.5% Fort Worth, TX 3,970 10.7% 14.8% Frederick, MD 1,979 20.7% 7.0% Fresno, CA 843 1.7% -5.1% Grand Rapids, MI 1,784 22.4% 5.0% Greensboro, NC 1,043 9.3% 7.2% Greenville, SC 1,387 -3. 7% 16.1% Hartford, CT 1,868 26.5% 15.2% Houston, TX 10,876 14.3% 17.5% Indianapolis, IN 3,863 10.3% 7.3% Jacksonville, FL 3,208 10.1% 16.1% Kansas City, MO 4,120 8.6% 9.5% Knoxville, TN 1,580 9.0% 12.6% Lake County, IL 1,672 32.8% 26.4% Las Vegas, NV 3,922 36.6% -0.1% Los Angeles, CA 6,275 35.6% -4.2% Louisville, KY 1,717 6.0% 7.2% McAllen, TX 343 -0. 9% 17.1% Memphis, TN 1,396 12.0% 3.6% Miami, FL 2,429 20.5% -13.5% Milwaukee, WI 2,302 17.1% 0.0% Minneapolis, MN 6,992 11.2% 2.3% Montgomery County, PA 2,980 69.2% 1.8% Nashville, TN 4,491 9.0% 10.4% Nassau County, NY 1,900 -0. 5% -38.9% New Brunswick, NJ 3,615 30.8% 1.2% New Haven, CT 1,233 27.6% 9.5% New Orleans, LA 1,565 6.1% 10.5% New York, NY 3,775 13.9% -35.2% Newark, NJ 2,544 32.0% -4.9% North Port, FL 2,432 19.0% 22.0% Oakland, CA 2,788 27.8% 6.0% Oklahoma City, OK 2,571 3.0% 9.7% Omaha, NE 1,602 2.4% 10.9% Orlando, FL 4,520 15.6% -1.2% Oxnard, CA 880 31.0% 1.4% Philadelphia, PA 2,461 55.8% -2.5% Phoenix, AZ 9,898 7.5% 9.1% Pittsburgh, PA 3,204 77.2% 22.8% Portland, OR 4,315 22.2% 10.8% Providence, RI 2,206 27.0% -2.5% Raleigh, NC 3,048 5.4% 10.6% Richmond, VA 1,952 0.9% -1.9% Riverside, CA 6,004 28.3% 10.5% Rochester, NY 936 18.5% -28.4% Sacramento, CA 3,522 19.9% 9.3% Salt Lake City, UT 2,073 6.1% 7.8% San Antonio, TX 3,773 7.0% 11.9% San Diego, CA 3,771 20.1% 7.6% San Francisco, CA 1,054 31.6% 1.0% San Jose, CA 1,498 24.4% 11.1% Seattle, WA 4,943 13.2% 4.9% St. Louis, MO 4,546 8.4% 8.5% Tacoma, WA 1,545 8.1% -4.7% Tampa, FL 6,657 8.1% 8.4% Tucson, AZ 1,821 7.1% 8.7% Tulsa, OK 1,602 9.4% 16.7% Honolulu, HI 779 30.5% -11.9% Virginia Beach, VA 3,132 10.1% 16.5% Warren, MI 4,746 39.8% 13.0% Washington, DC 7,866 10.4% 5.4% West Palm Beach, FL 3,273 28.5% 1.0% Worcester, MA 1,248 21.4% 2.8% National

565,100

21.7%

4.9%

New Listings

Redfin Metro New Listings Month-Over-Month Year-Over-Year

Albany, NY 1,358 -0. 4% 4.4% Allentown, PA 651 -2 4.9% -45.0% Anaheim, CA 3,695 17.3% 10.6% Atlanta, GA 11,318 1.4% -4.9% Austin, TX 4,465 12.3% 13.3% Bakersfield, CA 997 8.8% -6.6% Baltimore, MD 4,864 5.2% 5.6% Baton Rouge, LA 776 -2 2.5% -35.3% Birmingham, AL 1,627 4.5% -6.0% Boston, MA 6,319 -6. 2% 28.1% Bridgeport, CT 2,334 -0. 3% 76.6% Buffalo, NY 1,635 8.8% 5.4% Camden, NJ 2,290 10.0% 7.1% Charlotte, NC 3,763 -5. 3% -22.6% Chicago, IL 13,707 5.1% 14.6% Cincinnati, OH 3,667 5.6% 4.5% Cleveland, OH 3,501 3.5% -1.8% Columbus, OH 3,482 7.0% -1.1% Dallas, TX 8,056 0.2% 0.0% Dayton, OH 1,384 4.1% -0.1% Denver, CO 6,810 3.8% 18.0% Detroit, MI 2,716 2.8% -8.1% El Paso, TX 995 -5. 1% -4.5% Elgin, IL 1,491 2.9% 9.7% Fort Lauderdale, FL 3,685 3.4% -2.3% Fort Worth, TX 3,935 1.4% -3.0% Frederick, MD 1,999 2.5% 12.5% Fresno, CA 936 19.7% -3.3% Grand Rapids, MI 1,856 1.9% -0.7% Greensboro, NC 775 -0. 1% -24.9% Greenville, SC 1,494 12.4% -0.3% Hartford, CT 2,129 -0. 2% 17.6% Houston, TX 11,658 7.6% 4.6% Indianapolis, IN 3,486 6.1% -7.1% Jacksonville, FL 2,925 -3. 0% -6.1% Kansas City, MO 1,915 -3 5.4% -51.2% Knoxville, TN 1,280 -4. 5% -10.6% Lake County, IL 1,793 1.9% 8.2% Las Vegas, NV 4,396 19.9% -0.8% Los Angeles, CA 8,381 16.0% 5.1% Louisville, KY 1,725 2.3% -7.1% McAllen, TX 377 -3. 3% -24.9% Memphis, TN 1,352 -1. 7% -13.7% Miami, FL 3,782 -1. 3% -1.0% Milwaukee, WI 2,446 1.0% 5.6% Minneapolis, MN 7,305 5.4% 5.1% Montgomery County, PA 3,339 -3. 5% 22.8% Nashville, TN 4,666 -1. 9% 3.6% Nassau County, NY 4,521 1.3% 26.3% New Brunswick, NJ 5,181 10.7% 29.8% New Haven, CT 1,504 3.9% 20.4% New Orleans, LA 1,666 4.7% 3.6% New York, NY 12,172 17.9% 65.0% Newark, NJ 3,500 1.5% 33.2% North Port, FL 2,375 11.1% 20.9% Oakland, CA 3,130 10.7% 7.3% Oklahoma City, OK 2,596 -1. 0% 1.4% Omaha, NE 1,459 -2. 9% -1.4% Orlando, FL 4,977 5.0% 4.5% Oxnard, CA 936 8.1% -5.6% Philadelphia, PA 3,388 4.9% 20.5% Phoenix, AZ 8,977 11.7% 13.0% Pittsburgh, PA 3,385 1.0% 16.5% Portland, OR 4,694 16.3% 11.5% Providence, RI 2,517 7.4% 5.0% Raleigh, NC 3,076 12.7% 14.6% Richmond, VA 1,958 -0. 6% -2.7% Riverside, CA 5,971 11.8% -4.5% Rochester, NY 1,475 -3. 8% 0.4% Sacramento, CA 3,576 7.3% -1.5% Salt Lake City, UT 928 -4 1.1% -51.8% San Antonio, TX 3,759 6.6% -4.9% San Diego, CA 4,139 14.3% 8.2% San Francisco, CA 1,708 12.7% 76.8% San Jose, CA 1,683 11.5% 19.4% Seattle, WA 5,978 14.5% 24.6% St. Louis, MO 2,890 -2 1.3% -35.9% Tacoma, WA 1,848 23.8% 11.8% Tampa, FL 6,296 6.7% -0.2% Tucson, AZ 1,636 10.4% 2.8% Tulsa, OK 685 -3 6.6% -54.7% Honolulu, HI 830 5.5% -29.8% Virginia Beach, VA 3,143 12.0% 10.6% Warren, MI 5,272 -1. 2% -2.0% Washington, DC 8,663 13.2% 20.3% West Palm Beach, FL 3,751 1.6% 12.7% Worcester, MA 1,286 -8. 3% -3.5% National

618,300

9.2%

2.7%

All Homes for Sale

Redfin Metro All Homes for Sale Month-Over-Month Year-Over-Year

Albany, NY 3,230 -3. 1% -28.6% Allentown, PA 1,697 -2 0.6% -54.5% Anaheim, CA 10,236 5.7% -20.8% Atlanta, GA 31,656 -6. 7% -18.6% Austin, TX 9,862 -3. 5% -18.4% Bakersfield, CA 2,340 -4. 1% -24.8% Baltimore, MD 12,027 -3. 5% -26.0% Baton Rouge, LA 3,156 -1 3.2% -38.4% Birmingham, AL 5,172 -3. 4% -24.0% Boston, MA 14,710 -0. 7% -11.9% Bridgeport, CT 7,692 6.6% -5.2% Buffalo, NY 2,939 2.0% -23.5% Camden, NJ 5,760 -4. 0% -33.7% Charlotte, NC 12,594 -8. 5% -28.1% Chicago, IL 36,759 1.1% -17.6% Cincinnati, OH 10,076 1.6% -15.7% Cleveland, OH 8,573 -0. 9% -30.2% Columbus, OH 8,856 2.9% -14.8% Dallas, TX 22,625 -6. 2% -21.4% Dayton, OH 3,236 1.3% -18.0% Denver, CO 13,047 -4. 3% -14.1% Detroit, MI 6,915 -2. 5% -18.1% El Paso, TX 3,038 -8. 4% -20.8% Elgin, IL 3,545 -4. 4% -23.4% Fort Lauderdale, FL 15,973 -0. 8% -9.5% Fort Worth, TX 10,187 -5. 4% -17.1% Frederick, MD 4,765 -1. 5% -18.4% Fresno, CA 1,862 -3. 0% -33.8% Grand Rapids, MI 3,618 -3. 5% -19.8% Greensboro, NC 2,420 -9. 9% -32.8% Greenville, SC 5,019 -2. 4% -15.6% Hartford, CT 6,315 0.6% -20.5% Houston, TX 33,703 -3. 6% -17.3% Indianapolis, IN 6,817 -3. 7% -28.1% Jacksonville, FL 9,433 -6. 8% -16.8% Kansas City, MO 5,361 -2 4.7% -52.2% Knoxville, TN 4,617 -3. 6% -17.2% Lake County, IL 5,090 -0. 9% -24.0% Las Vegas, NV 13,361 1.4% -20.7% Los Angeles, CA 23,327 6.2% -16.7% Louisville, KY 4,002 -2. 5% -22.6% McAllen, TX 1,701 -1 0.1% -29.0% Memphis, TN 3,555 -3. 6% -25.2% Miami, FL 19,676 -3. 1% -8.3% Milwaukee, WI 7,170 2.6% -7.8% Minneapolis, MN 16,065 -1. 0% -14.4% Montgomery County, PA 8,279 -1. 0% -17.3% Nashville, TN 13,594 -9. 9% -15.6% Nassau County, NY 13,614 6.7% -15.4% New Brunswick, NJ 13,754 2.2% -23.2% New Haven, CT 4,474 2.9% -20.0% New Orleans, LA 5,103 -5. 4% -15.9% New York, NY 43,291 16.3% -1.0% Newark, NJ 10,389 2.4% -16.8% North Port, FL 7,533 -6. 6% -14.2% Oakland, CA 6,135 2.6% -14.1% Oklahoma City, OK 6,313 -2. 4% -16.2% Omaha, NE 2,768 -7. 0% -18.3% Orlando, FL 13,385 -3. 3% -11.8% Oxnard, CA 2,841 0.7% -20.4% Philadelphia, PA 9,529 4.5% -6.9% Phoenix, AZ 22,231 -7. 4% -17.2% Pittsburgh, PA 11,655 6.9% -4.1% Portland, OR 9,487 1.4% -21.5% Providence, RI 6,405 0.5% -24.8% Raleigh, NC 8,489 -2. 6% -13.4% Richmond, VA 4,165 -4. 3% -24.7% Riverside, CA 16,557 -4. 6% -29.9% Rochester, NY 2,729 -4. 8% -22.5% Sacramento, CA 7,491 -4. 9% -22.7% Salt Lake City, UT 2,619 -3 0.2% -51.7% San Antonio, TX 10,562 -7. 8% -23.9% San Diego, CA 8,895 0.1% -22.7% San Francisco, CA 3,932 15.3% 50.9% San Jose, CA 3,753 2.9% -12.9% Seattle, WA 10,595 5.5% -16.9% St. Louis, MO 8,983 -1 3.3% -37.0% Tacoma, WA 3,087 7.7% -19.7% Tampa, FL 15,367 -7. 8% -23.4% Tucson, AZ 4,846 -6. 0% -16.5% Tulsa, OK 2,123 -2 8.0% -57.7% Honolulu, HI 3,874 0.1% -22.0% Virginia Beach, VA 7,386 -3. 1% -26.3% Warren, MI 12,065 -0. 7% -17.9% Washington, DC 19,245 1.3% -13.6% West Palm Beach, FL 16,004 -1. 1% -6.0% Worcester, MA 3,079 -7. 1% -28.9% National

1,700, 600

-2. 2%

-2 1.8%

Median Off-Market Redfin Estimate

Redfin Metro Estimate Month-Over-Month Year-Over-Year Albany, NY $200,200 0.6% -8.8% Allentown, PA $215,000 0.9% -0.1% Anaheim, CA $741,200 0.5% 1.8% Atlanta, GA $236,400 0.9% 2.7% Austin, TX $306,200 1.1% -3.2% Bakersfield, CA $199,600 1.0% -11.6% Baltimore, MD $274,500 0.7% 3.7% Baton Rouge, LA $130,700 0.5% -23.6% Birmingham, AL $137,300 0.6% -10.3% Boston, MA $533,000 0.8% 7.3% Bridgeport, CT $394,800 0.5% -30.7% Buffalo, NY $153,900 0.8% -5.5% Camden, NJ $209,600 1.1% 4.2% Charlotte, NC $215,000 1.1% 3.9% Chicago, IL $264,100 0.6% 6.4% Cincinnati, OH $168,700 0.9% -3.1% Cleveland, OH $144,100 1.1% 1.9% Columbus, OH $203,000 0.9% 3.4% Dallas, TX $261,100 0.8% -0.9% Dayton, OH $128,400 0.8% 5.7% Denver, CO $425,800 0.7% 2.7% Detroit, MI $108,500 2.0% 3.7% Elgin, IL $232,900 0.6% 1.7% Fort Lauderdale, FL $277,300 0.5% 2.9% Fort Worth, TX $223,900 0.8% 1.1% Frederick, MD $419,300 0.6% 3.2% Fresno, CA $264,800 0.8% 1.3% Grand Rapids, MI $176,200 1.3% 4.9% Greensboro, NC $139,500 1.7% -4.5% Greenville, SC $163,800 0.9% -13.7% Hartford, CT $226,600 0.6% -28.7% Houston, TX $201,300 0.8% -5.5% Indianapolis, IN $168,600 0.9% 1.0% Jacksonville, FL $215,900 0.7% -3.9% Kansas City, MO $186,600 0.6% -2.0% Knoxville, TN $181,900 1.1% 2.7% Lake County, IL $220,200 1.4% -2.9% Las Vegas, NV $288,400 0.4% 2.8% Los Angeles, CA $654,200 0.5% 3.1% Louisville, KY $180,000 0.8% 2.7% Memphis, TN $151,600 1.5% 3.9% Miami, FL $318,400 0.4% 5.4% Milwaukee, WI $210,800 1.3% 7.7% Minneapolis, MN $277,900 0.8% 3.3% Montgomery County, PA $328,400 0.5% 2.1% Nashville, TN $282,900 0.8% 6.1% Nassau County, NY $486,000 0.6% 6.8% New Brunswick, NJ $349,600 0.8% 5.0% New Orleans, LA $173,300 1.1% -6.7% Newark, NJ $371,700 0.4% 0.5% North Port, FL $239,800 0.6% -9.5% Oakland, CA $786,100 0.4% 1.3% Oklahoma City, OK $148,900 0.7% -2.6% Omaha, NE $193,000 1.1% 7.2% Orlando, FL $239,200 0.7% 0.3% Oxnard, CA $606,500 0.6% 0.0% Philadelphia, PA $195,500 0.8% 4.7% Phoenix, AZ $279,200 0.9% 0.7% Pittsburgh, PA $133,800 0.9% -10.7% Portland, OR $406,200 0.8% 0.6% Providence, RI $300,200 0.9% 0.4% Raleigh, NC $262,700 0.7% -3.9% Richmond, VA $241,500 1.0% 5.0% Riverside, CA $336,100 0.8% -9.6% Rochester, NY $147,500 0.6% -2.7% Sacramento, CA $419,100 0.7% 0.3% Salt Lake City, UT $362,800 0.8% 7.7% San Antonio, TX $186,600 0.7% -6.6% San Diego, CA $615,500 0.8% 2.3% San Francisco, CA $1,373,300 0.0% 2.6% San Jose, CA $1,163,600 0.1% -1.5% Seattle, WA $576,100 0.7% 0.7% St. Louis, MO $161,500 0.9% -2.0% Tacoma, WA $376,900 1.1% 2.6% Tampa, FL $224,900 0.8% 0.6% Tucson, AZ $208,500 0.8% -5.2% Tulsa, OK $134,700 0.9% -7.4% Honolulu, HI $702,500 0.1% 1.4% Virginia Beach, VA $236,700 0.8% 3.7% Warren, MI $214,100 1.2% 2.2% Washington, DC $406,800 0.8% 2.7% West Palm Beach, FL $280,500 0.6% 3.1% Worcester, MA $287,400 1.1% -1.5% National

$312,800

2.2%

4.0%

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