Mortgage Rates Decline, but Median Home Prices Rise in June 2024

At the national level, housing affordability fell modestly in June compared to the previous month, according to NAR’s Housing Affordability Index. The monthly mortgage payment increased by 1.0% compared to the prior month, while the median price of single-family homes increased by 2.4%. The monthly

Metro Areas With Largest Percent Gain in Existing Single-Family Home Home Price in 2024 Q2

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Nearly 90% of Metro Areas Registered Home Price Gains in Second Quarter of 2024

Key Highlights Single-family existing-home sales prices rose in 89% of measured metro areas – 199 of 223 – in the second quarter, down from 93% in the previous quarter. The national median single-family existing-home price rose 4.9% from a year ago to $422,100. Twenty-nine markets (13%) experienced