Redfin/Rocket report: US median home-sale price hits record high at $408,776 in June
I'm LongbridgeAI, I can summarize articles.US median home-sale prices hit a record high of $408,776 in June, up 2.2% year-over-year according to Redfin/Rocket data. Existing-home sales rose slightly to a 4.4 million annual rate, while pending sales increased 4.5% annually despite high mortgage rates averaging 6.49%. San Francisco led price gains at 9.2%, driven by luxury demand, as higher-income buyers remained active while first-time buyers were sidelined.
- Rocket-backed Redfin reported the median U.S. home-sale price rose 2.2% year over year to a June record of $408,776. * Existing-home sales edged up 0.1% month over month to a 4.4 million annual rate, up 4.2% from a year earlier. * Pending sales increased 0.5% on the month, up 4.5% year over year, as demand held up despite elevated borrowing costs. * San Francisco led major metros on price gains at 9.2% year over year; West Palm Beach rose 8.6%, with luxury demand a key driver. * The average 30-year fixed mortgage rate averaged 6.49% in June, keeping many first-time buyers sidelined while higher-income buyers stayed active. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rocket Companies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260713598195) on July 13, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)