Nationally, the median list price slipped 2.4%, marking the eighth month in a row of declines. 

The uptick was driven by a slight dip in mortgage rates. 

S&P Dow Jones Indices noted that inflation outpaced national home-price appreciation for the 11th month in a row. 

Home sales in the 51 metro areas surveyed by REMAX rose 7.9% month over month and slid 0.5% year over year. 

The increase was driven by refinancing activity as purchase applications dipped. 

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With everything from housing to gas to event tickets costing more, it may be impossible for fans to put a price tag on the joy of attending a once-in-a-lifetime World Cup match hosted in their hometown.

Existing-home sales and the median home price are forecast to rise 4% this year, according to the National Association of REALTORS® Chief Economist Lawrence Yun. 

Starter homes now cost $1 million or more in a record 242 cities, up from just 80 in 2020, according to a Zillow analysis.

The 3.8% month-over-month gain was almost four times what industry observers were expecting. 

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May’s priciest Seattle-area home sale was a lakefront midcentury mansion on Mercer Island.

Inventory rose 3.3% month over month and 0.6% year over year to 1.55 million homes, which equals a 4.5-month supply of unsold inventory, NAR said. 

In this latest Local Look, Windermere Real Estate Principal Economist Jeff Tucker breaks down a “relatively quiet” spring selling season that proved to be “unusually buyer-friendly.”

Buyers had 21,381 northwest Washington homes to shop during the month, the highest inventory level of the year so far.

Nationwide, it takes six years to break even on homeownership, down from an all-time high of 8.4 years in 2023.