Home Sales Fell 4% in March as Buying Costs Shot Up

Home Sales Fell 4% in March as Buying Costs Shot Up

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The hottest March on record ended with early signs of a cooldown as more buyers were edged out by soaring mortgage rates, sky-high prices and few new listings.

It was the hottest March ever for the housing market, with homes selling at their fastest pace and for more above list price than any other March on record. The median home-sale price rose 6.2% in March, the fastest month-over-month gain at this time of year since 2013, to an all-time high of $412,700. Seasonally adjusted home sales fell 4% as soaring mortgage rates and prices sidelined more buyers, whose options were severely limited due to a decline in homes being listed.

“Although pricey coastal markets began showing early signs of a slowdown in late March, nationwide sales data for the full month reflects the hottest March market on record, since homes that sold last month mostly went under contract in February,” said Redfin chief economist Daryl Fairweather. “We expect the combination of surging mortgage rates and record-high home prices to cause more homebuyers to drop out of the market. Unfortunately, homeowners are turning their back on the market too. Instead of being motivated to list before prices weaken, potential home sellers may be choosing to wait-out the impending market cooldown.”

Market Summary March 2022 Month-Over-Month Year-Over-Year
Median sale price $412,700 6.2% 17.3%
Homes sold, seasonally-adjusted 574,200 -3.7% -8.1%
Pending sales, seasonally-adjusted 534,600 -3.6% -6.1%
New listings, seasonally-adjusted 594,700 -1.1% -6.2%
All Homes for sale, seasonally-adjusted 1,336,900 -1.9% -12.6%
Median days on market 20 -5 -6
Months of supply 1.1 -0.3 -0.1
Sold above list 54.3% 7.0 pts 12.3 pts
Median Off-Market Redfin Estimate $408,900 0.6% 21.7%
Average Sale-to-list 102.4% 1.2 pts 1.9 pts
Average 30-year fixed mortgage rate 4.17% +0.41 pts +1.09 pts
† – ‘pts’ = percentage point change

“Everyone is watching mortgage rates right now. Buyers using traditional financing are worried about being priced out, but all-cash buyers are rubbing their hands together, thinking that high rates will dry up the competition and they will be able to swoop in and bid unopposed,” said Redfin Austin real estate agent Chris Lefforge. “However, the biggest effect I’m seeing right now has been on investors. With prices rising so fast, the return on investment is falling fast. Higher monthly payments are starting to push Austin-area investors into other less expensive markets or out of the market altogether.”

Median sale prices increased from a year earlier in all of the 88 largest metro areas Redfin tracks. The largest price increases were in Tampa, FL (+29%), Phoenix, AZ (+27%) and McAllen, TX (+27%).

Median Home Sale Price

Seasonally-adjusted home sales in March were down 4% from a month earlier and down 8% from a year earlier. Home sales fell from the prior year in 79 of the 88 largest metro areas Redfin tracks. The biggest sales declines were in North Port, FL (-30%), West Palm Beach, FL (-24%) and Lake County, IL (-21%). The largest gains were in Fresno, CA (+6%), Philadelphia (+6%) and Oxnard, CA (+3%).

Home Sales

Seasonally adjusted active listings—the count of all homes that were for sale at any time during the month—fell 13% year over year to an all-time low in March.

82 of the 88 largest metros tracked by Redfin posted year-over-year decreases in the number of seasonally adjusted active listings of homes for sale. The biggest year-over-year declines in active housing supply in March were in Allentown, PA (-47%), Greensboro, NC (-41%) and Fort Lauderdale, FL (-37%). The only metro areas where the number of homes for sale increased were Elgin, IL (+29%), Chicago, IL (+13%), Detroit, MI (+13%) and Lake County, IL (+5%).

Active Supply

New listings fell from a year ago in 69 of the 88 largest metro areas. The largest declines were in Allentown, PA (-56%), Greensboro, NC (-39%) and Honolulu (-25%). New listings rose the most in McAllen, TX (+17%), Rochester, NY (+7%) and Detroit, MI (+7%).

New Listings

Home sales that closed in March (which mostly went under contract in February) spent less time on the market and sold for further above list price than a year ago.

The typical home that sold in March went under contract in 20 days—six days faster than a year earlier–and the shortest time on market ever for March.

Days on Market

Fifty-four percent of homes sold above list price, up 12 percentage points from a year earlier, and the highest March level on record.

Sold Above List Price

The average sale-to-list price ratio in March was 102.4%, up from 100.6% a year earlier, another record-high for this time of year.

Sale-to-List Price Ratio

Other March Highlights

Competition

Prices

  • Tampa, FL had the nation’s highest price growth, rising 29.2% since last year to $363,750. Phoenix had the second highest growth at 27.4% year-over-year price growth, followed by McAllen, TX (27.3%), Raleigh, NC (27.2%), and Las Vegas (27.2%).
  • No metro areas saw price declines in March.

Sales

Inventory

Redfin Estimate

Below are market-by-market breakdowns for prices, inventory, new listings and sales for markets with populations of 750,000 or more. For downloadable data on all of the markets Redfin tracks, visit the Redfin Data Center. Refer to our metrics definition page for explanations of all the metrics used in this report.

Median Sale Price

Redfin Metro Median Sale Price Month-Over-Month Year-Over-Year
Albany, NY $263,500 2.7% 8.9%
Allentown, PA $285,000 7.5% 18.8%
Anaheim, CA $1,040,000 4.2% 22.2%
Atlanta, GA $368,000 3.7% 21.8%
Austin, TX $525,000 5.0% 22.9%
Bakersfield, CA $350,000 2.4% 16.7%
Baltimore, MD $335,000 6.3% 6.3%
Baton Rouge, LA $252,500 -1.0% 8.0%
Birmingham, AL $275,000 3.0% 10.0%
Boston, MA $640,000 7.6% 11.0%
Bridgeport, CT $499,500 11.0% 8.6%
Buffalo, NY $193,100 -1.5% 10.3%
Camden, NJ $275,000 3.8% 16.3%
Charleston, SC $395,000 3.9% 16.2%
Charlotte, NC $379,300 3.4% 21.6%
Chicago, IL $310,000 6.7% 3.3%
Cincinnati, OH $248,000 6.7% 11.2%
Cleveland, OH $190,000 6.7% 13.9%
Columbus, OH $291,500 7.7% 14.3%
Dallas, TX $420,000 5.1% 22.0%
Dayton, OH $177,500 3.5% 10.9%
Denver, CO $600,600 5.4% 21.3%
Detroit, MI $166,000 0.6% 6.1%
El Paso, TX $225,000 0.0% 20.5%
Elgin, IL $286,200 4.1% 6.0%
Fort Lauderdale, FL $370,000 2.5% 15.1%
Fort Worth, TX $352,000 1.3% 22.6%
Frederick, MD $510,000 5.2% 8.5%
Fresno, CA $400,000 3.5% 17.6%
Grand Rapids, MI $290,000 3.6% 15.1%
Greensboro, NC $245,000 5.4% 21.0%
Greenville, SC $300,000 3.3% 20.0%
Hartford, CT $270,000 1.9% 8.0%
Houston, TX $330,000 1.5% 14.4%
Indianapolis, IN $260,000 4.0% 15.6%
Jacksonville, FL $350,000 4.9% 25.0%
Kansas City, MO $290,000 7.4% 10.7%
Knoxville, TN $319,000 3.6% 23.3%
Lake County, IL $291,000 7.8% 3.3%
Las Vegas, NV $430,000 1.4% 27.2%
Los Angeles, CA $872,500 3.9% 12.6%
Louisville, KY $235,000 1.2% 8.9%
McAllen, TX $210,000 7.3% 27.3%
Memphis, TN $277,900 5.9% 18.3%
Miami, FL $466,000 3.8% 19.8%
Milwaukee, WI $255,800 6.1% 5.2%
Minneapolis, MN $355,000 2.9% 7.6%
Montgomery County, PA $400,000 4.5% 8.1%
Nashville, TN $430,000 2.4% 23.9%
Nassau County, NY $599,000 2.4% 12.2%
New Brunswick, NJ $425,000 0.0% 9.0%
New Haven, CT $280,000 3.7% 9.8%
New Orleans, LA $280,000 -1.8% 7.0%
New York, NY $677,700 1.1% 7.7%
Newark, NJ $470,000 5.3% 10.6%
North Port, FL $444,500 4.6% 27.0%
Oakland, CA $980,000 6.5% 10.1%
Oklahoma City, OK $245,000 4.3% 12.9%
Omaha, NE $277,000 9.9% 13.1%
Orlando, FL $377,000 4.7% 25.7%
Oxnard, CA $820,000 1.7% 13.9%
Philadelphia, PA $265,000 6.6% 2.3%
Phoenix, AZ $470,000 3.3% 27.4%
Pittsburgh, PA $213,500 6.8% 1.7%
Portland, OR $550,000 4.8% 15.2%
Providence, RI $385,000 1.3% 13.6%
Raleigh, NC $419,900 5.2% 27.2%
Richmond, VA $340,000 6.2% 13.3%
Riverside, CA $560,000 2.2% 19.1%
Rochester, NY $185,000 4.5% 14.3%
Sacramento, CA $610,000 6.1% 17.3%
Salt Lake City, UT $540,000 4.9% 24.1%
San Antonio, TX $320,000 4.6% 20.8%
San Diego, CA $850,000 6.1% 21.4%
San Francisco, CA $1,580,000 3.5% 10.5%
San Jose, CA $1,560,000 8.0% 17.7%
Seattle, WA $820,000 9.3% 17.3%
St. Louis, MO $225,000 4.7% 6.4%
Tacoma, WA $551,000 4.3% 17.2%
Tampa, FL $363,800 3.7% 29.2%
Tucson, AZ $340,000 1.5% 19.3%
Tulsa, OK $235,500 4.7% 9.5%
Honolulu, HI $705,600 4.5% 14.7%
Virginia Beach, VA $296,100 3.9% 11.3%
Warren, MI $262,000 4.8% 7.2%
Washington, DC $525,000 6.5% 9.4%
West Palm Beach, FL $416,600 4.1% 20.8%
Worcester, MA $360,000 2.9% 10.3%
National $412,700 6.2% 17.3%

Homes Sold

Redfin Metro Homes Sold Month-Over-Month Year-Over-Year
Albany, NY 701 19.0% -18.1%
Allentown, PA 712 33.6% -4.9%
Anaheim, CA 2,706 50.2% -16.8%
Atlanta, GA 9,748 24.8% -9.3%
Austin, TX 3,131 24.2% -9.7%
Bakersfield, CA 857 30.4% -5.1%
Baltimore, MD 3,775 33.0% -3.1%
Baton Rouge, LA 1,120 17.3% -9.5%
Birmingham, AL 1,531 37.9% -8.7%
Boston, MA 3,090 43.1% -14.1%
Bridgeport, CT 1,002 30.3% -20.0%
Buffalo, NY 720 1.3% -14.1%
Camden, NJ 1,455 24.1% -13.9%
Charleston, SC 1,767 37.8% -12.4%
Charlotte, NC 4,248 20.5% -6.5%
Chicago, IL 8,632 40.1% -7.1%
Cincinnati, OH 2,487 29.1% -7.2%
Cleveland, OH 2,214 27.8% -9.6%
Columbus, OH 2,323 24.6% -4.8%
Dallas, TX 5,637 26.0% -6.3%
Dayton, OH 921 24.6% -3.3%
Denver, CO 4,636 36.2% -8.6%
Detroit, MI 1,654 18.8% -5.2%
El Paso, TX 870 17.6% -5.2%
Elgin, IL 912 37.8% -12.1%
Fort Lauderdale, FL 3,753 30.4% -15.1%
Fort Worth, TX 2,813 23.1% -3.6%
Frederick, MD 1,454 30.8% -7.7%
Fresno, CA 786 30.1% 6.1%
Grand Rapids, MI 939 18.6% -17.6%
Greensboro, NC 926 22.0% -13.2%
Greenville, SC 1,339 31.8% -1.4%
Hartford, CT 1,168 27.0% -12.2%
Houston, TX 9,987 28.6% 1.8%
Indianapolis, IN 2,776 20.1% -2.4%
Jacksonville, FL 3,031 21.8% -11.1%
Kansas City, MO 2,776 31.6% 0.6%
Knoxville, TN 1,135 20.9% -10.6%
Lake County, IL 970 25.5% -21.0%
Las Vegas, NV 4,240 29.0% -12.2%
Los Angeles, CA 6,589 40.6% -7.4%
Louisville, KY 1,598 25.8% -2.6%
McAllen, TX 431 12.8% -14.5%
Memphis, TN 1,455 20.7% 1.0%
Miami, FL 3,895 27.7% -4.2%
Milwaukee, WI 1,622 39.3% -0.9%
Minneapolis, MN 4,054 40.4% -9.5%
Montgomery County, PA 1,846 32.5% -7.9%
Nashville, TN 3,510 26.1% -3.5%
Nassau County, NY 2,341 6.5% -17.8%
New Brunswick, NJ 2,659 25.1% -16.6%
New Haven, CT 891 28.6% -8.7%
New Orleans, LA 1,382 22.7% -12.2%
New York, NY 6,483 18.1% -4.6%
Newark, NJ 1,803 22.5% -19.0%
North Port, FL 2,370 27.0% -29.6%
Oakland, CA 2,781 63.8% -0.1%
Oklahoma City, OK 2,024 25.0% -6.7%
Omaha, NE 971 22.1% -0.5%
Orlando, FL 4,772 24.0% -9.3%
Oxnard, CA 808 54.5% 3.3%
Philadelphia, PA 2,389 32.3% 5.8%
Phoenix, AZ 9,557 24.1% -2.2%
Pittsburgh, PA 2,111 25.5% -8.1%
Portland, OR 3,501 35.1% 2.8%
Providence, RI 1,437 19.7% -14.6%
Raleigh, NC 2,267 22.8% -10.3%
Richmond, VA 1,701 46.0% -9.0%
Riverside, CA 6,076 35.0% -2.4%
Rochester, NY 694 29.7% -11.7%
Sacramento, CA 2,668 29.6% -2.2%
Salt Lake City, UT 1,284 26.6% -11.4%
San Antonio, TX 3,032 22.1% -10.6%
San Diego, CA 3,162 31.3% -7.1%
San Francisco, CA 1,253 67.1% -4.2%
San Jose, CA 1,589 65.3% 0.4%
Seattle, WA 4,396 60.5% -2.2%
St. Louis, MO 3,167 28.5% -8.5%
Tacoma, WA 1,370 44.7% -3.5%
Tampa, FL 6,612 22.9% -7.0%
Tucson, AZ 1,815 21.6% -5.3%
Tulsa, OK 1,364 27.2% -0.6%
Honolulu, HI 906 30.9% 1.3%
Virginia Beach, VA 2,725 29.0% -1.2%
Warren, MI 2,993 26.0% -7.3%
Washington, DC 6,517 36.9% -6.2%
West Palm Beach, FL 3,321 23.5% -24.3%
Worcester, MA 751 22.9% -8.6%
National 574,200 -3.7% -8.1%

New Listings

Redfin Metro New Listings Month-Over-Month Year-Over-Year
Albany, NY 1,011 36.4% -13.2%
Allentown, PA 461 -20.1% -56.3%
Anaheim, CA 2,990 15.6% -17.7%
Atlanta, GA 10,268 20.0% -13.2%
Austin, TX 4,066 47.6% -1.3%
Bakersfield, CA 998 19.0% -5.4%
Baltimore, MD 4,711 43.8% -4.0%
Birmingham, AL 1,413 8.2% -18.2%
Boston, MA 5,803 69.7% -4.5%
Bridgeport, CT 1,433 41.3% -23.1%
Buffalo, NY 1,079 60.6% -5.9%
Camden, NJ 1,973 39.2% -7.7%
Charleston, SC 1,890 26.6% -9.0%
Charlotte, NC 3,942 31.7% -19.7%
Chicago, IL 11,473 33.0% -15.3%
Cincinnati, OH 3,110 49.1% -4.3%
Cleveland, OH 2,921 45.9% -7.4%
Columbus, OH 2,969 48.9% 0.1%
Dallas, TX 6,783 39.2% -4.4%
Dayton, OH 1,216 53.1% -0.2%
Denver, CO 5,757 41.9% 4.3%
Detroit, MI 2,322 34.8% 6.8%
El Paso, TX 1,004 24.9% 0.5%
Elgin, IL 1,084 30.0% -19.6%
Fort Lauderdale, FL 3,434 3.1% -23.6%
Fort Worth, TX 3,329 42.9% -1.5%
Frederick, MD 1,929 41.1% -9.8%
Fresno, CA 906 19.4% 2.0%
Grand Rapids, MI 1,342 57.1% -5.6%
Greensboro, NC 651 1.6% -39.2%
Greenville, SC 1,330 9.3% -5.7%
Hartford, CT 1,648 48.9% -16.0%
Houston, TX 11,113 24.0% 2.4%
Indianapolis, IN 3,531 45.8% 2.8%
Jacksonville, FL 3,107 17.2% -14.8%
Kansas City, MO 3,484 30.3% -12.0%
Knoxville, TN 1,151 21.2% -6.7%
Lake County, IL 1,372 42.2% -18.7%
Las Vegas, NV 4,519 17.9% -3.4%
Los Angeles, CA 7,243 11.5% -15.2%
Louisville, KY 1,963 44.7% -1.2%
McAllen, TX 621 26.5% 17.2%
Memphis, TN 1,714 29.0% 4.0%
Miami, FL 4,102 6.5% -13.4%
Milwaukee, WI 1,816 23.1% -17.5%
Minneapolis, MN 6,044 45.1% -5.6%
Montgomery County, PA 2,541 36.6% -12.8%
Nashville, TN 3,787 36.3% -0.6%
Nassau County, NY 3,589 46.5% 1.1%
New Brunswick, NJ 3,902 41.2% -8.6%
New Haven, CT 1,230 49.6% -12.1%
New Orleans, LA 1,885 37.5% 1.1%
New York, NY 10,807 40.8% 2.6%
Newark, NJ 2,725 31.7% -14.5%
North Port, FL 2,790 21.0% -1.5%
Oakland, CA 3,352 25.3% -0.7%
Oklahoma City, OK 2,463 42.6% -0.3%
Omaha, NE 1,275 25.9% -10.4%
Orlando, FL 5,065 15.7% 0.1%
Oxnard, CA 890 24.5% -7.6%
Philadelphia, PA 3,195 28.6% -3.4%
Phoenix, AZ 9,252 15.0% -8.5%
Pittsburgh, PA 2,848 49.4% -4.1%
Portland, OR 4,080 28.5% -0.1%
Providence, RI 2,014 47.7% -12.2%
Raleigh, NC 2,480 25.3% -9.5%
Richmond, VA 1,977 22.8% -11.5%
Riverside, CA 6,473 16.3% -1.6%
Rochester, NY 1,231 71.2% 7.4%
Sacramento, CA 3,321 28.4% 2.0%
San Antonio, TX 3,451 20.5% -2.7%
San Diego, CA 3,477 17.4% -10.7%
San Francisco, CA 1,284 3.0% -13.8%
San Jose, CA 1,844 17.8% -8.5%
Seattle, WA 5,700 43.8% 2.2%
St. Louis, MO 3,604 46.1% -14.1%
Tacoma, WA 1,788 32.5% 3.3%
Tampa, FL 6,768 18.6% -3.6%
Tucson, AZ 1,739 13.4% -9.1%
Tulsa, OK 1,544 37.0% -6.3%
Honolulu, HI 773 -4.4% -24.5%
Virginia Beach, VA 3,178 29.1% -5.9%
Warren, MI 3,929 49.7% -1.1%
Washington, DC 8,145 35.4% -10.1%
West Palm Beach, FL 3,855 18.5% -7.4%
Worcester, MA 1,149 59.4% -9.5%
National 594,700 -1.1% -6.2%

All Homes for Sale

Redfin Metro All Homes for Sale Month-Over-Month Year-Over-Year
Albany, NY 2,137 10.3% -19.5%
Allentown, PA 1,036 -15.7% -47.5%
Anaheim, CA 5,614 15.8% -30.2%
Atlanta, GA 19,107 5.5% -17.6%
Austin, TX 6,950 20.3% -2.5%
Bakersfield, CA 1,910 12.2% -7.3%
Baltimore, MD 8,231 16.0% -9.3%
Birmingham, AL 3,535 6.1% -28.7%
Boston, MA 9,092 38.6% -17.0%
Bridgeport, CT 3,297 14.8% -34.5%
Buffalo, NY 1,777 25.1% -8.9%
Camden, NJ 3,747 16.4% -12.8%
Charleston, SC 4,393 14.0% -23.8%
Charlotte, NC 7,945 8.3% -30.9%
Chicago, IL 31,414 22.3% 13.5%
Cincinnati, OH 6,732 16.1% -11.5%
Cleveland, OH 5,835 13.5% -15.4%
Columbus, OH 5,940 17.3% -5.5%
Dallas, TX 11,321 16.9% -18.8%
Dayton, OH 2,143 18.9% -8.3%
Denver, CO 7,260 30.5% -7.3%
Detroit, MI 5,113 13.4% 12.6%
El Paso, TX 2,161 9.0% -22.3%
Elgin, IL 2,757 21.9% 29.5%
Fort Lauderdale, FL 9,567 -1.1% -37.2%
Fort Worth, TX 5,675 14.4% -13.4%
Frederick, MD 3,025 22.7% -17.6%
Fresno, CA 1,487 10.9% -0.9%
Grand Rapids, MI 1,910 32.6% -16.8%
Greensboro, NC 1,466 -7.6% -40.9%
Greenville, SC 3,141 4.8% -23.4%
Hartford, CT 3,227 15.7% -30.0%
Houston, TX 23,102 4.7% -8.4%
Indianapolis, IN 5,302 18.9% -9.5%
Jacksonville, FL 6,000 2.3% -23.0%
Kansas City, MO 6,201 13.0% -15.9%
Knoxville, TN 2,822 6.6% -21.4%
Lake County, IL 3,376 24.0% 5.0%
Las Vegas, NV 8,696 6.7% -12.9%
Los Angeles, CA 16,150 7.2% -23.5%
Louisville, KY 3,391 15.7% -15.9%
McAllen, TX 1,714 4.8% -11.9%
Memphis, TN 3,400 10.4% -13.6%
Miami, FL 12,867 -3.2% -29.6%
Milwaukee, WI 4,731 11.1% -9.3%
Minneapolis, MN 10,378 23.6% -5.9%
Montgomery County, PA 4,360 19.9% -18.8%
Nashville, TN 7,001 15.8% -15.9%
Nassau County, NY 7,582 16.1% -19.5%
New Brunswick, NJ 8,703 16.9% -3.9%
New Haven, CT 2,555 13.5% -25.6%
New Orleans, LA 3,650 15.0% -18.6%
New York, NY 32,250 12.8% -9.0%
Newark, NJ 6,131 18.1% -16.3%
North Port, FL 4,129 11.9% -19.1%
Oakland, CA 4,969 23.4% -3.5%
Oklahoma City, OK 4,039 12.8% -8.7%
Omaha, NE 1,851 16.1% -17.5%
Orlando, FL 8,283 6.0% -19.6%
Oxnard, CA 1,757 18.0% -13.4%
Philadelphia, PA 7,582 9.9% -4.1%
Phoenix, AZ 17,629 4.2% -9.0%
Pittsburgh, PA 8,043 10.3% -4.9%
Portland, OR 6,089 19.6% -7.8%
Providence, RI 3,696 20.9% -20.6%
Raleigh, NC 4,434 10.5% -30.4%
Richmond, VA 3,102 16.1% -20.4%
Riverside, CA 13,174 6.9% -8.6%
Rochester, NY 1,778 34.4% -7.2%
Sacramento, CA 5,072 19.9% -1.3%
San Antonio, TX 6,912 1.4% -12.8%
San Diego, CA 5,414 13.5% -18.5%
San Francisco, CA 2,622 8.5% -22.2%
San Jose, CA 2,699 21.1% -25.0%
Seattle, WA 7,038 39.7% -10.1%
St. Louis, MO 7,002 16.8% -18.8%
Tacoma, WA 2,318 26.3% -2.1%
Tampa, FL 10,485 9.3% -17.7%
Tucson, AZ 4,113 1.0% -10.2%
Tulsa, OK 2,499 13.4% -15.9%
Honolulu, HI 2,759 -0.3% -20.3%
Virginia Beach, VA 5,358 12.4% -16.2%
Warren, MI 6,656 21.3% -4.2%
Washington, DC 14,179 17.8% -13.8%
West Palm Beach, FL 9,206 5.8% -32.3%
Worcester, MA 1,883 24.5% -13.2%
National 1,336,900 -1.9% -12.6%

Median Off-Market Redfin Estimate

Redfin Metro Estimate Month-Over-Month Year-Over-Year
Albany, NY $230,300 2.6% 7.0%
Allentown, PA $276,600 0.8% 18.3%
Anaheim, CA $1,008,300 2.5% 26.5%
Atlanta, GA $334,300 1.8% 29.7%
Austin, TX $482,800 2.3% 41.8%
Bakersfield, CA $268,600 1.6% 24.0%
Baltimore, MD $338,100 0.8% 14.5%
Baton Rouge, LA $150,100 0.8% 7.7%
Birmingham, AL $172,400 1.4% 16.3%
Boston, MA $630,100 0.6% 11.7%
Bridgeport, CT $474,200 0.8% 13.8%
Buffalo, NY $194,000 1.8% 16.7%
Camden, NJ $283,400 1.1% 22.4%
Charleston, SC $322,100 1.8% 24.4%
Charlotte, NC $310,200 1.7% 29.4%
Chicago, IL $288,100 0.9% 5.1%
Cincinnati, OH $216,700 1.2% 19.1%
Cleveland, OH $179,800 1.3% 16.1%
Columbus, OH $256,200 1.2% 16.5%
Dallas, TX $365,600 2.5% 30.3%
Dayton, OH $162,900 0.7% 18.9%
Denver, CO $557,400 2.5% 24.1%
Detroit, MI $130,400 0.2% 14.1%
Elgin, IL $269,500 0.5% 9.9%
Fort Lauderdale, FL $360,100 1.9% 21.6%
Fort Worth, TX $307,900 2.0% 28.5%
Frederick, MD $511,400 0.9% 14.9%
Fresno, CA $361,900 1.2% 24.7%
Grand Rapids, MI $238,000 1.2% 22.1%
Greensboro, NC $186,600 1.1% 20.4%
Greenville, SC $217,500 1.5% 23.3%
Hartford, CT $275,700 0.9% 16.1%
Houston, TX $266,000 1.5% 23.1%
Indianapolis, IN $222,900 1.1% 21.9%
Jacksonville, FL $303,600 2.4% 28.8%
Kansas City, MO $243,700 1.4% 21.6%
Knoxville, TN $252,900 1.9% 27.1%
Lake County, IL $254,900 0.6% 9.8%
Las Vegas, NV $398,100 2.5% 29.9%
Los Angeles, CA $834,500 1.2% 18.3%
Louisville, KY $204,600 0.7% 6.6%
Memphis, TN $196,600 1.9% 17.9%
Miami, FL $414,500 1.5% 22.0%
Milwaukee, WI $257,900 0.9% 15.8%
Minneapolis, MN $339,000 0.8% 15.2%
Montgomery County, PA $412,700 0.7% 17.0%
Nashville, TN $392,500 2.1% 30.5%
Nassau County, NY $603,200 0.5% 13.0%
New Brunswick, NJ $455,900 0.8% 19.3%
New Haven, CT $284,400 1.1% 18.2%
New Orleans, LA $203,000 0.9% 10.1%
Newark, NJ $454,400 0.6% 11.2%
North Port, FL $364,700 3.3% 40.2%
Oakland, CA $1,043,200 2.0% 21.9%
Oklahoma City, OK $186,100 0.9% 17.2%
Omaha, NE $242,200 1.4% 16.6%
Orlando, FL $329,500 2.2% 29.3%
Oxnard, CA $798,300 1.0% 22.2%
Philadelphia, PA $234,000 0.5% 10.5%
Phoenix, AZ $434,700 2.4% 39.1%
Pittsburgh, PA $160,600 0.4% 7.6%
Portland, OR $524,000 1.5% 20.5%
Providence, RI $385,100 0.7% 17.1%
Raleigh, NC $372,700 2.2% 32.8%
Richmond, VA $294,500 0.9% 14.4%
Riverside, CA $490,100 1.8% 30.3%
Rochester, NY $183,100 2.5% 17.1%
Sacramento, CA $570,400 1.3% 25.1%
Salt Lake City, UT $528,600 2.5% 32.9%
San Antonio, TX $247,600 1.5% 23.2%
San Diego, CA $855,400 2.1% 27.0%
San Francisco, CA $1,574,000 1.6% 15.1%
San Jose, CA $1,567,600 3.1% 25.5%
Seattle, WA $780,500 3.2% 24.5%
St. Louis, MO $186,300 1.0% 9.4%
Tacoma, WA $515,900 1.4% 23.1%
Tampa, FL $319,300 2.6% 30.3%
Tucson, AZ $289,200 1.5% 25.0%
Tulsa, OK $163,200 0.7% 12.8%
Honolulu, HI $872,300 0.8% 18.7%
Virginia Beach, VA $290,100 1.1% 14.5%
Warren, MI $261,100 0.7% 13.8%
Washington, DC $493,300 0.8% 14.0%
West Palm Beach, FL $392,700 2.3% 31.0%
Worcester, MA $362,800 0.7% 17.4%
National $408,900 0.6% 21.7%
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Tim Ellis

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 Seattle Bubble, and produces the "Dispatches from the Multiverse" improvised comedy sci-fi podcast.

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