Pending sales were up 33% and new listings increased 36% from April to May. Home prices nearly flattened, up just 0.5% from last year

The housing market showed some early signs of recovery in May as the addition of homes for sale and contracts to buy homes both increased dramatically from April levels, but the market remains overall very competitive thanks to a continuing shortage of homes for sale. U.S. home-sale prices increased just 0.5% year over year in May to a median of $299,400 across the 217 metros Redfin tracks. This was the smallest annual increase since home prices bottomed out in February 2012. However, the fact that this increase was so much smaller than the 4.7% gain in April was largely due to fewer homes being sold in the most expensive metro areas.

Overall home sales in May fell 30.8% from a year ago, but the most expensive metro areas all saw more dramatic decreases in home sales than the national drop. The 12 metro areas with median prices above $450,000 (seven of which are in California) all saw home sales decline between 38% and 58% from a year earlier. San Francisco and San Jose, which both have median prices above $1 million, each saw home sales drop more than 55%.

“Although the housing market was still mostly stalled in May, it’s worth noting that homes under contract to be sold jumped 33% between April and May after two consecutive months of decline,” said Redfin lead economist Taylor Marr. “This is a key leading indicator for home sales in June and July. New listings of homes for sale have also likely passed their bottom, but are still about 20% below February’s level, so there’s still a ways to go before the housing market has recouped the lost activity of the past few months during the shutdowns.”

Home Prices Nearly Flat From a Year Ago in May

Most places still saw median prices increase, but four of the 85 largest metro areas Redfin tracks saw a year-over-year decline in the median sale price: Seattle ($581,750, -1.7%), North Port, FL ($285,000, -1.4%), Dallas ($300,000, -1.0%) and New Orleans ($234,250, -1.0%).

Market Summary May 2020 Month-Over-Month Year-Over-Year
Median sale price $299,400 -1.4% 0.5%
Homes sold, seasonally-adjusted 369,300 -11.7% -30.8%
New listings, seasonally-adjusted 503,600 35.6% -21.5%
All Homes for sale, seasonally-adjusted 1,740,900 0.5% -21.2%
Median days on market 37 2 1
Months of supply 3 0 0.4
Sold above list 25.2% -2.8 pts -0.6 pts
Median Off-Market Redfin Estimate $303,700 2.7% 2.6%
Average Sale-to-list 98.5% -0.3 pts -0.1 pts

† – “pts” = percentage point change

Home sales fell 11.7% nationwide from April on a seasonally-adjusted basis. That’s a big drop, but a marked improvement from the March to April drop of 21.5%, which was the largest decline on record (our data for this statistic goes back to January 2012).

Every single large metro saw double-digit year-over-year declines in home sales. The metro areas with the biggest slowdowns were in states like Michigan and Pennsylvania that had the most strict stay-at-home orders. For example, home sales fell 62.6% from a year ago in Detroit and 61.3% in Pittsburgh.

Decline in Home Sales Hit Another New Low in May

The national count of active listings of homes for sale fell 21.2% year over year in May, just shy of the April decline, which was the largest on record. This is the ninth straight month of declines. The 0.5% increase in the nationwide number of homes for sale between April and May represents a gain of fewer than 9,000 homes for sale during the month. None of the 85 largest metros tracked by Redfin posted a year-over-year increase in the count of seasonally-adjusted active listings of homes for sale. The smallest declines were in El Paso (-6.8%), San Francisco (-8.0%) and Fort Worth (-9.0%). Active listings is a count of all homes that were for sale at any time during the month.

Compared to a year ago, the biggest declines in active housing supply in May were in Allentown, PA (-55.8%), Tulsa (-52.0%) and Kansas City, MO (-51.9%).

New Listings Fell in May, But Less Dramatically than April

The number of new listings fell 21.5% compared with a year earlier, but surged 35.6% from the all-time low seen in April. This is a good sign that some balance may be returning to the market after the past few months of declining homes for sale and increasing homebuyer demand led to intense competition and bidding wars in some places.

An even more encouraging sign is the bounce back in the number of newly-constructed homes that were listed for sale in May, which was down half as much as the overall market—just 9.9% from a year earlier.

Listings Still Down Dramatically from Year Earlier in May

Other measures of competition in the market such as days on market and the share of homes sold above list price have remained relatively steady throughout the shutdowns and stay-at-home orders across the nation.

Trends we were seeing at the beginning of the year—intense bidding wars and a strong seller’s market—have continued unabated throughout the pandemic.

“Buyers have been out in droves, but the number of homes for sale is still super low,” explained Pittsburgh Redfin agent Sara Minshull. “We are seeing more homes listed for sale recently, but of course there were just so few before this that the new listings aren’t keeping up. There is just so much competition.”

Homes that sold in May spent the same number of days on market as they did during the same month a year earlier. In May, the typical home went under contract in 37 days.

Time on Market Edged up in May, Flat From Year Ago

“The market still feels really crazy,” said Redfin agent Amber Allin, who serves Tacoma, Washington—the nation’s fastest market with half of all homes going under contract in just eight days. “There are so few homes for sale right now, and those that are in good condition are selling incredibly fast.”

The share of homes that sold above list price decreased just slightly, falling 0.6 percentage points year over year in May to 25.2%.

Slightly Fewer Homes Sold Above List Price in May

Other May Highlights

Competition

  • Tacoma, WA was the fastest market, with half of all homes pending sale in just 8 days, the same as a year earlier. Seattle and Indianapolis were the next fastest markets with 9 and 11 median days on market, followed by Denver (12) and Omaha, NE (12).
  • The most competitive market in May was Tacoma, WA where 54.3% of homes sold above list price, followed by 50.8% in Rochester, NY, 49.0% in Oakland, CA, 48.1% in San Francisco, and 45.8% in Buffalo, NY.

Prices

  • Worcester, MA had the nation’s highest price growth, rising 12.4% since last year to $309,000. Memphis, TN had the second highest growth at 10.3% year-over-year price growth, followed by Camden, NJ (10.2%), Indianapolis (10.2%), and Bridgeport, CT (9.46%).
  • Six metros saw price declines in May. Seattle declined the most since last year falling 1.7 percent to $581,750.

Sales

  • No metro areas saw year-over-year sales growth. The smallest decline was in Omaha, NE down 14.5%, followed by Hartford, CT, down 14.5%. Virginia Beach, VA rounded out the top three with sales down 16.4% from a year ago.
  • Warren, MI saw the largest decline in sales since last year, falling 66.1%. Home sales in Detroit and Pittsburgh declined by 62.6% and 61.3%, respectively.

Inventory

  • El Paso, TX had the highest increase in the number of homes for sale, up -6.8% year over year, followed by San Francisco (-8.0%) and Fort Worth, TX (-9.0%).
  • Allentown, PA had the largest decrease in overall active listings, falling 55.8% since last May. Tulsa, OK (-52.0%), Kansas City, MO (-51.9%), and Salt Lake City (-47.0%) also saw far fewer homes available on the market than a year ago.

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.

Median Sale Price

Redfin Metro Median Sale Price Month-Over-Month Year-Over-Year
Albany, NY $235,000 6.8% 6.8%
Allentown, PA $225,000 3.2% 7.9%
Anaheim, CA $730,000 -1.4% 1.4%
Atlanta, GA $260,000 -3.7% 0.8%
Austin, TX $330,000 1.5% 0.6%
Bakersfield, CA $259,000 1.6% 7.9%
Baltimore, MD $296,000 -1.3% 0.4%
Baton Rouge, LA $212,200 -1.3% 0.5%
Birmingham, AL $239,900 4.8% 4.3%
Boston, MA $530,000 -1.3% 2.1%
Bridgeport, CT $449,900 9.7% 9.5%
Buffalo, NY $168,800 1.1% 8.9%
Camden, NJ $213,800 -2.8% 10.2%
Charlotte, NC $275,000 -2.8% 3.8%
Chicago, IL $265,000 -3.6% 0.8%
Cincinnati, OH $200,800 1.6% 4.0%
Cleveland, OH $165,000 -0.9% 3.1%
Columbus, OH $240,000 4.3% 5.3%
Dallas, TX $300,000 -1.0% -1.0%
Dayton, OH $158,000 0.6% 5.3%
Denver, CO $435,000 0.0% 2.0%
Detroit, MI $140,000 -10.8% 0.0%
El Paso, TX $170,000 3.0% 4.1%
Elgin, IL $240,000 0.8% 4.3%
Fort Lauderdale, FL $285,000 -1.7% 4.4%
Fort Worth, TX $250,000 -3.8% 0.0%
Frederick, MD $435,400 -2.2% 3.7%
Fresno, CA $289,200 1.5% 3.8%
Grand Rapids, MI $224,900 2.2% 3.6%
Greensboro, NC $188,800 -3.2% 7.9%
Greenville, SC $232,000 0.9% 5.5%
Hartford, CT $235,000 -0.4% 3.1%
Houston, TX $249,900 -1.2% 0.0%
Indianapolis, IN $215,000 1.9% 10.2%
Jacksonville, FL $249,900 0.0% 6.3%
Kansas City, MO $239,000 1.7% 1.7%
Knoxville, TN $224,400 -1.3% 2.0%
Lake County, IL $242,300 -5.0% 2.0%
Las Vegas, NV $300,000 2.4% 5.3%
Los Angeles, CA $635,000 -2.3% 1.0%
Louisville, KY $218,000 7.1% 6.3%
McAllen, TX $175,000 7.0% 8.0%
Memphis, TN $218,400 1.6% 10.3%
Miami, FL $330,000 -0.5% 8.2%
Milwaukee, WI $240,000 -1.2% 2.2%
Minneapolis, MN $295,000 -3.3% 3.5%
Montgomery County, PA $350,000 2.6% 6.4%
Nashville, TN $316,500 0.6% 5.5%
Nassau County, NY $480,000 1.5% 7.3%
New Brunswick, NJ $350,000 1.4% 8.4%
New Haven, CT $234,000 2.1% 5.7%
New Orleans, LA $234,200 1.8% -1.0%
New York, NY $520,000 -1.0% 4.0%
Newark, NJ $382,000 -6.8% 3.4%
North Port, FL $285,000 -2.5% -1.4%
Oakland, CA $760,000 -5.0% 0.0%
Oklahoma City, OK $196,000 1.6% 6.2%
Omaha, NE $225,000 1.4% 0.9%
Orlando, FL $275,000 0.0% 6.2%
Oxnard, CA $620,000 0.0% 1.5%
Philadelphia, PA $235,000 -5.8% 7.8%
Phoenix, AZ $299,900 -1.3% 7.1%
Pittsburgh, PA $187,500 -2.1% 6.5%
Portland, OR $417,500 0.4% 1.5%
Providence, RI $310,000 1.0% 5.1%
Raleigh, NC $305,000 -1.6% 3.0%
Richmond, VA $273,200 -0.6% 5.1%
Riverside, CA $395,000 0.0% 5.3%
Rochester, NY $162,900 3.4% 7.9%
Sacramento, CA $425,100 -0.7% 1.2%
Salt Lake City, UT $356,800 -1.0% 2.5%
San Antonio, TX $242,000 0.9% 1.1%
San Diego, CA $599,000 -1.8% 2.4%
San Francisco, CA $1,500,000 5.6% 0.0%
San Jose, CA $1,200,000 0.0% 2.0%
Seattle, WA $581,800 -3.0% -1.7%
St. Louis, MO $200,000 0.8% 2.7%
Tacoma, WA $395,000 -0.8% 6.8%
Tampa, FL $255,000 2.0% 8.5%
Tucson, AZ $239,000 -0.8% 3.9%
Tulsa, OK $190,000 5.0% 3.8%
Honolulu, HI $612,500 -2.0% 4.9%
Virginia Beach, VA $259,900 4.0% 6.1%
Warren, MI $224,900 -1.2% 0.0%
Washington, D.C. $440,000 -1.3% 3.8%
West Palm Beach, FL $306,000 0.3% 5.9%
Worcester, MA $309,000 5.5% 12.4%
National $299,400 -1.4% 0.5%

Homes Sold

Redfin Metro Homes Sold, seasonally adjusted Month-Over-Month Year-Over-Year
Albany, NY 593 -18.1% -30.1%
Allentown, PA 327 -48.9% -63.9%
Anaheim, CA 1,129 -21.8% -54.6%
Atlanta, GA 6,587 -3.8% -27.7%
Austin, TX 2,155 -6.4% -30.2%
Bakersfield, CA 502 -9.7% -32.2%
Baltimore, MD 2,984 -6.5% -18.7%
Baton Rouge, LA 683 -12.9% -27.0%
Birmingham, AL 1,052 -5.6% -21.9%
Boston, MA 3,478 -7.5% -26.4%
Bridgeport, CT 952 -2.9% -7.8%
Buffalo, NY 724 -26.0% -29.2%
Camden, NJ 1,274 -5.2% -26.8%
Charlotte, NC 3,132 -0.3% -20.2%
Chicago, IL 5,096 -24.7% -35.2%
Cincinnati, OH 2,066 -5.0% -23.3%
Cleveland, OH 1,971 -7.0% -21.2%
Columbus, OH 2,119 0.0% -17.3%
Dallas, TX 4,308 -3.2% -25.4%
Dayton, OH 791 6.2% -23.4%
Denver, CO 2,616 -25.8% -44.1%
Detroit, MI 633 -39.3% -65.2%
El Paso, TX 623 -3.2% -21.1%
Elgin, IL 696 -23.1% -26.5%
Fort Lauderdale, FL 1,371 -13.0% -56.9%
Fort Worth, TX 2,172 -4.4% -24.2%
Frederick, MD 1,057 -14.8% -29.6%
Fresno, CA 542 -8.9% -29.6%
Grand Rapids, MI 546 -43.0% -59.1%
Greensboro, NC 631 -6.3% -24.2%
Greenville, SC 960 3.5% -11.5%
Hartford, CT 1,236 -3.8% -8.8%
Houston, TX 5,842 0.1% -22.9%
Indianapolis, IN 2,299 -8.2% -18.4%
Jacksonville, FL 1,859 -3.6% -28.0%
Kansas City, MO 2,432 -7.9% -16.8%
Knoxville, TN 967 -7.0% -21.5%
Lake County, IL 806 -3.1% -23.9%
Las Vegas, NV 1,779 -14.5% -50.4%
Los Angeles, CA 2,829 -18.3% -50.7%
Louisville, KY 1,059 -9.8% -22.6%
McAllen, TX 222 -6.4% -26.4%
Memphis, TN 883 -7.9% -23.7%
Miami, FL 1,230 -13.7% -54.4%
Milwaukee, WI 1,397 -5.9% -22.0%
Minneapolis, MN 4,152 -22.0% -17.4%
Montgomery County, PA 1,047 -50.2% -54.7%
Nashville, TN 2,729 -4.1% -23.7%
Nassau County, NY 1,853 -3.1% -29.0%
New Brunswick, NJ 2,335 -8.6% -29.3%
New Haven, CT 805 -1.0% -12.4%
New Orleans, LA 775 -10.6% -39.1%
New York, NY 3,120 5.7% -34.7%
Newark, NJ 1,670 -7.0% -24.2%
North Port, FL 1,219 -7.4% -38.0%
Oakland, CA 861 -36.9% -64.3%
Oklahoma City, OK 1,605 -3.6% -18.7%
Omaha, NE 1,034 -3.8% -8.5%
Orlando, FL 2,456 -13.8% -37.3%
Oxnard, CA 367 -9.8% -48.4%
Philadelphia, PA 773 -44.1% -64.0%
Phoenix, AZ 5,804 0.4% -29.9%
Pittsburgh, PA 693 -58.0% -68.4%
Portland, OR 2,323 -6.7% -28.1%
Providence, RI 1,329 -10.1% -29.2%
Raleigh, NC 1,947 -1.8% -15.0%
Richmond, VA 1,467 -4.8% -9.8%
Riverside, CA 3,021 -4.4% -36.6%
Rochester, NY 712 -23.7% -31.8%
Sacramento, CA 1,755 -2.2% -33.2%
Salt Lake City, UT 1,264 9.1% -22.5%
San Antonio, TX 2,207 -6.4% -23.1%
San Diego, CA 1,695 -12.0% -43.3%
San Francisco, CA 389 -0.9% -58.8%
San Jose, CA 590 -12.8% -51.4%
Seattle, WA 2,593 -3.0% -33.4%
St. Louis, MO 2,714 -6.6% -21.5%
Tacoma, WA 1,041 -2.1% -23.0%
Tampa, FL 3,742 -4.1% -30.3%
Tucson, AZ 1,191 2.0% -24.7%
Tulsa, OK 982 0.0% -17.8%
Honolulu, HI 488 -11.8% -35.8%
Virginia Beach, VA 2,003 -5.8% -11.0%
Warren, MI 971 -54.2% -71.5%
Washington, D.C. 4,588 -6.9% -27.4%
West Palm Beach, FL 1,295 -18.0% -56.5%
Worcester, MA 892 -2.8% -14.6%
National 369,300 -11.7% -30.8%

New Listings

Redfin Metro New Listings, seasonally adjusted Month-Over-Month Year-Over-Year
Albany, NY 631 61.4% -36.2%
Allentown, PA 172 148.7% -82.7%
Anaheim, CA 2,028 66.4% -34.1%
Atlanta, GA 9,110 23.5% -16.5%
Austin, TX 2,895 11.2% -13.6%
Bakersfield, CA 719 47.7% -26.7%
Baltimore, MD 2,806 1.3% -34.4%
Baton Rouge, LA 595 5.4% -44.1%
Birmingham, AL 1,240 16.4% -23.6%
Boston, MA 3,994 69.2% -23.4%
Bridgeport, CT 1,193 121.1% -19.9%
Buffalo, NY 479 58.7% -57.2%
Camden, NJ 1,394 105.6% -33.3%
Charlotte, NC 2,318 -0.8% -47.1%
Chicago, IL 7,902 58.7% -25.4%
Cincinnati, OH 2,708 25.7% -10.6%
Cleveland, OH 2,405 29.1% -20.2%
Columbus, OH 2,178 3.2% -23.9%
Dallas, TX 6,811 35.3% -3.5%
Dayton, OH 921 46.1% -20.6%
Denver, CO 4,986 58.3% -10.2%
Detroit, MI 1,940 480.4% -20.2%
El Paso, TX 786 13.1% -11.5%
Elgin, IL 660 17.3% -43.7%
Fort Lauderdale, FL 2,940 65.8% -24.4%
Fort Worth, TX 3,067 12.6% -11.8%
Frederick, MD 1,278 37.4% -29.4%
Fresno, CA 631 9.3% -28.7%
Grand Rapids, MI 1,294 186.4% -16.1%
Greensboro, NC 554 3.3% -36.2%
Greenville, SC 1,052 4.8% -22.0%
Hartford, CT 1,272 55.4% -24.8%
Houston, TX 8,657 32.3% -11.2%
Indianapolis, IN 2,598 33.7% -17.2%
Jacksonville, FL 2,411 5.5% -16.7%
Kansas City, MO 940 -21.7% -73.6%
Knoxville, TN 1,025 3.9% -22.3%
Lake County, IL 978 39.5% -30.6%
Las Vegas, NV 3,280 26.2% -26.9%
Los Angeles, CA 5,222 60.2% -28.2%
Louisville, KY 1,311 24.1% -16.5%
McAllen, TX 383 53.5% -15.3%
Memphis, TN 1,061 9.4% -20.5%
Miami, FL 3,324 85.5% -17.7%
Milwaukee, WI 1,623 48.3% -16.7%
Minneapolis, MN 4,160 3.5% -26.2%
Montgomery County, PA 1,421 148505.2% -48.1%
Nashville, TN 3,821 22.6% -6.8%
Nassau County, NY 1,246 87288.9% -63.1%
New Brunswick, NJ 2,687 111.6% -29.7%
New Haven, CT 894 76.8% -25.9%
New Orleans, LA 1,344 51.5% -13.1%
New York, NY 1,417 4.2% -80.2%
Newark, NJ 1,293 116.3% -49.0%
North Port, FL 2,123 53.3% -8.1%
Oakland, CA 1,774 71.1% -33.5%
Oklahoma City, OK 2,169 31.6% 0.3%
Omaha, NE 997 8.5% -23.0%
Orlando, FL 3,888 36.5% -19.2%
Oxnard, CA 605 13.4% -27.9%
Philadelphia, PA 1,803 604.3% -37.8%
Phoenix, AZ 7,121 1.0% -18.6%
Pittsburgh, PA 1,869 1569.6% -25.4%
Portland, OR 2,554 5.3% -28.0%
Providence, RI 1,642 54.4% -26.6%
Raleigh, NC 2,061 4.1% -16.4%
Richmond, VA 1,318 0.1% -27.2%
Riverside, CA 4,240 43.6% -29.8%
Rochester, NY 686 131.9% -41.2%
Sacramento, CA 2,220 2.3% -25.1%
Salt Lake City, UT 458 -53.5% -74.2%
San Antonio, TX 2,970 19.3% -13.6%
San Diego, CA 2,845 52.8% -21.9%
San Francisco, CA 1,028 78.1% -7.6%
San Jose, CA 721 19.9% -48.3%
Seattle, WA 2,907 1.5% -32.5%
St. Louis, MO 2,079 -5.3% -47.2%
Tacoma, WA 948 -2.9% -35.3%
Tampa, FL 5,381 38.5% -14.8%
Tucson, AZ 1,535 30.8% -5.5%
Tulsa, OK 449 3.2% -66.6%
Honolulu, HI 627 12.5% -37.2%
Virginia Beach, VA 2,021 7.3% -18.9%
Warren, MI 3,429 506.1% -20.3%
Washington, D.C. 4,800 6.2% -28.4%
West Palm Beach, FL 3,237 84.0% -14.1%
Worcester, MA 819 14.9% -30.8%
National 503,600 35.6% -21.5%

All Homes for Sale

Redfin Metro All Homes for Sale, seasonally adjusted Month-Over-Month Year-Over-Year
Albany, NY 2,896 -2.6% -31.7%
Allentown, PA 1,358 -7.8% -60.4%
Anaheim, CA 7,607 2.7% -37.0%
Atlanta, GA 33,030 0.6% -11.2%
Austin, TX 9,635 3.8% -11.4%
Bakersfield, CA 2,423 0.6% -20.0%
Baltimore, MD 10,887 -1.1% -26.9%
Baton Rouge, LA 3,429 -6.0% -32.3%
Birmingham, AL 4,626 -1.7% -27.3%
Boston, MA 10,028 2.0% -27.7%
Bridgeport, CT 5,196 1.4% -26.8%
Buffalo, NY 2,213 -1.5% -33.7%
Camden, NJ 5,247 -0.3% -38.3%
Charlotte, NC 11,615 -4.6% -28.6%
Chicago, IL 30,617 2.0% -23.6%
Cincinnati, OH 8,179 -1.1% -23.9%
Cleveland, OH 7,559 -3.8% -32.3%
Columbus, OH 7,494 -4.1% -17.4%
Dallas, TX 22,123 2.7% -14.7%
Dayton, OH 3,038 0.8% -17.9%
Denver, CO 12,076 17.9% -11.2%
Detroit, MI 6,875 18.9% -10.8%
El Paso, TX 3,292 -2.9% -6.9%
Elgin, IL 3,316 0.1% -20.7%
Fort Lauderdale, FL 15,039 5.5% -17.8%
Fort Worth, TX 9,959 1.0% -8.6%
Frederick, MD 3,939 1.0% -27.5%
Fresno, CA 1,994 -1.8% -28.2%
Grand Rapids, MI 3,418 25.7% -13.5%
Greensboro, NC 2,319 -1.7% -30.9%
Greenville, SC 4,788 -2.4% -10.5%
Hartford, CT 5,152 -6.6% -29.3%
Houston, TX 33,786 0.4% -9.2%
Indianapolis, IN 7,350 -1.1% -17.0%
Jacksonville, FL 9,573 0.0% -13.3%
Kansas City, MO 4,632 -25.8% -55.0%
Knoxville, TN 4,357 -1.1% -18.1%
Lake County, IL 4,513 -1.9% -23.2%
Las Vegas, NV 12,171 4.1% -25.5%
Los Angeles, CA 18,789 5.9% -29.1%
Louisville, KY 3,906 -1.1% -17.3%
McAllen, TX 2,107 0.7% -10.8%
Memphis, TN 3,428 -2.8% -21.9%
Miami, FL 19,439 3.9% -12.6%
Milwaukee, WI 5,663 -0.5% -15.4%
Minneapolis, MN 13,475 -0.6% -14.4%
Montgomery County, PA 5,407 10.9% -41.5%
Nashville, TN 13,829 2.1% -9.1%
Nassau County, NY 9,178 -2.1% -37.5%
New Brunswick, NJ 10,726 0.3% -35.2%
New Haven, CT 3,550 -4.6% -31.1%
New Orleans, LA 5,042 2.6% -12.7%
New York, NY 28,729 -2.6% -32.6%
Newark, NJ 7,931 0.3% -30.9%
North Port, FL 8,165 4.0% -15.7%
Oakland, CA 4,575 19.3% -28.7%
Oklahoma City, OK 6,507 6.0% -8.3%
Omaha, NE 2,742 3.6% -9.7%
Orlando, FL 13,176 4.9% -13.0%
Oxnard, CA 2,195 -2.8% -32.6%
Philadelphia, PA 6,930 5.7% -29.2%
Phoenix, AZ 22,711 0.1% -22.5%
Pittsburgh, PA 7,796 1.6% -29.0%
Portland, OR 8,634 -2.0% -21.5%
Providence, RI 5,546 -4.5% -30.8%
Raleigh, NC 8,241 -1.8% -9.2%
Richmond, VA 4,014 -5.0% -24.9%
Riverside, CA 16,588 -0.7% -29.0%
Rochester, NY 1,941 1.1% -32.9%
Sacramento, CA 6,968 4.8% -19.4%
Salt Lake City, UT 2,715 -15.8% -48.1%
San Antonio, TX 11,141 0.3% -14.3%
San Diego, CA 8,187 8.3% -24.8%
San Francisco, CA 2,456 22.6% -7.5%
San Jose, CA 2,785 13.0% -27.3%
Seattle, WA 8,045 -3.6% -31.2%
St. Louis, MO 8,270 -10.6% -38.5%
Tacoma, WA 2,576 -7.1% -26.4%
Tampa, FL 16,755 4.2% -17.6%
Tucson, AZ 4,935 3.3% -17.9%
Tulsa, OK 2,236 -22.7% -52.6%
Honolulu, HI 3,659 -2.7% -22.1%
Virginia Beach, VA 6,884 -3.8% -26.5%
Warren, MI 10,437 -3.0% -16.3%
Washington, D.C. 15,949 -0.6% -22.4%
West Palm Beach, FL 14,729 6.7% -18.7%
Worcester, MA 2,653 -5.0% -26.0%
National 1,740,900 0.5% -21.2%

Median Off-Market Redfin Estimate

Redfin Metro Estimate Month-Over-Month Year-Over-Year
Albany, NY $197,900 0.7% -7.7%
Allentown, PA $212,600 0.7% 0.0%
Atlanta, GA $232,900 0.5% 2.9%
Austin, TX $300,800 0.6% -2.9%
Bakersfield, CA $196,400 1.1% -10.5%
Baltimore, MD $271,200 0.5% 4.5%
Baton Rouge, LA $129,800 0.9% -23.0%
Birmingham, AL $135,200 1.0% -9.3%
Boston, MA $525,800 0.6% 6.2%
Bridgeport, CT $390,800 0.4% -32.6%
Buffalo, NY $151,500 1.4% -4.4%
Camden, NJ $206,100 0.7% 4.9%
Charlotte, NC $210,800 0.9% 3.4%
Chicago, IL $262,100 0.6% 8.0%
Cincinnati, OH $166,100 0.9% -3.0%
Cleveland, OH $141,100 0.8% 1.2%
Columbus, OH $199,400 0.9% 3.2%
Dallas, TX $257,800 0.4% -0.5%
Dayton, OH $126,200 1.1% 5.7%
Denver, CO $420,600 0.4% 2.4%
Detroit, MI $104,900 0.7% 0.2%
Fort Lauderdale, FL $275,200 0.3% 2.6%
Fort Worth, TX $220,600 0.5% 1.4%
Fresno, CA $261,200 0.4% 1.1%
Grand Rapids, MI $172,200 0.5% 4.8%
Greenville, SC $160,700 1.0% -13.8%
Hartford, CT $224,200 0.6% -28.3%
Houston, TX $198,800 0.2% -5.3%
Indianapolis, IN $165,700 0.7% 1.5%
Jacksonville, FL $212,700 0.7% -3.9%
Kansas City, MO $184,700 0.7% -1.2%
Knoxville, TN $178,500 0.9% 3.2%
Las Vegas, NV $286,000 0.6% 2.8%
Los Angeles, CA $648,800 0.4% 2.9%
Louisville, KY $177,000 1.0% 2.7%
Memphis, TN $147,000 1.1% 3.4%
Miami, FL $315,600 0.5% 5.4%
Milwaukee, WI $206,800 3.4% 6.6%
Minneapolis, MN $273,900 0.6% 3.8%
Montgomery County, PA $325,100 0.6% 2.4%
Nashville, TN $278,900 0.4% 6.7%
New Haven, CT $223,100 0.6% -5.1%
New Orleans, LA $170,600 0.8% -4.8%
Newark, NJ $366,800 0.5% -0.9%
Oakland, CA $782,500 0.6% 1.6%
Oklahoma City, OK $145,100 0.6% -3.3%
Omaha, NE $189,900 0.4% 7.3%
Orlando, FL $236,600 0.4% 0.4%
Oxnard, CA $604,300 0.0% 0.3%
Philadelphia, PA $192,500 0.7% 6.5%
Phoenix, AZ $274,600 0.7% 0.5%
Pittsburgh, PA $132,200 0.5% -11.8%
Portland, OR $401,300 0.6% 1.0%
Providence, RI $295,100 0.8% -0.6%
Raleigh, NC $259,300 1.1% -3.9%
Richmond, VA $237,100 0.7% 5.6%
Riverside, CA $332,000 0.7% -9.7%
Rochester, NY $145,600 1.1% -1.3%
Sacramento, CA $414,800 0.4% 2.3%
Salt Lake City, UT $356,200 0.9% 7.3%
San Antonio, TX $184,400 0.4% -5.5%
San Diego, CA $607,200 0.4% 1.7%
San Francisco, CA $1,372,300 0.1% 3.7%
San Jose, CA $1,165,200 0.8% -2.2%
Seattle, WA $566,700 0.9% 1.2%
St. Louis, MO $158,800 0.6% -1.4%
Tacoma, WA $369,900 1.7% 4.5%
Tampa, FL $221,800 0.8% 0.6%
Tucson, AZ $204,800 1.1% -4.0%
Tulsa, OK $132,600 0.7% -7.0%
Warren, MI $210,400 0.4% 1.2%
Washington, D.C. $401,500 0.6% 2.0%
West Palm Beach, FL $278,200 0.9% 3.2%
Worcester, MA $281,500 1.0% -2.5%
National $303,700 2.7% 2.6%



Source Google News