
Home Prices Up 8% as Supply Fell 22% to a New All-Time Low in July
The national median home price rose 8.2% year over year to an all-time high of $323,800 in July, as low rates drove a spike in early homebuyer demand.
Tim Ellis has been analyzing the real estate market since 2005, and worked at Redfin as a housing market analyst from 2010 through 2013 and again starting in 2018. In his free time, he runs the independently-operated Seattle-area real estate website <a href="https://seattlebubble.com/" title="Seattle Bubble"><em>Seattle Bubble</em></a>, and produces the <a href="https://dispatches.fm/" title="Dispatches from the Multiverse">"Dispatches from the Multiverse" improvised comedy sci-fi podcast</a>.

The national median home price rose 8.2% year over year to an all-time high of $323,800 in July, as low rates drove a spike in early homebuyer demand.

Trying to buy a home today is starting to feel similar to searching for hand sanitizer or toilet paper in the early days of the coronavirus pandemic…

Key takeaways for the 4-week period ending July 26: Pending home sales were up 12% year over year, an increase from the 7% year over

The U.S. housing market was unseasonably strong during the four-week period ending July 12.

The national median home price rose 2.8% year over year, reaching an all-time high of $311,300 in June.

The housing market closed out the month of June on somewhat uneven footing as pending sales pulled back slightly despite another record low for mortgage interest rates.

The national median home price rose 8.2% year over year to an all-time high of $323,800 in July, as low rates drove a spike in early homebuyer demand.

Trying to buy a home today is starting to feel similar to searching for hand sanitizer or toilet paper in the early days of the coronavirus pandemic…

Key takeaways for the 4-week period ending July 26: Pending home sales were up 12% year over year, an increase from the 7% year over

The U.S. housing market was unseasonably strong during the four-week period ending July 12.

The national median home price rose 2.8% year over year, reaching an all-time high of $311,300 in June.

The housing market closed out the month of June on somewhat uneven footing as pending sales pulled back slightly despite another record low for mortgage interest rates.