- National median home price increased by 1.3% in June, signaling muted price inflation.
- Midwest and Northeast regions saw the highest price appreciation, while Sun Belt areas experienced declines.
- Homes.com leads with insights while maintaining a strong market presence under CoStar Group (CSGP, Financial).
Homes.com, a leading online residential marketplace and part of CoStar Group (CSGP), has released its latest report on home price trends for June. The data reveals a modest 1.3% increase in the national median home price, bringing it to $395,000. This marks a continuation of the subdued price inflation seen in recent months, primarily driven by increased housing inventory and ongoing affordability issues.
Regionally, the Midwest and parts of the Northeast recorded the highest price appreciation compared to June of the previous year. Five out of the top ten major metro areas showing the most significant price gains were located in the Midwest. Conversely, nearly a quarter of the 40 largest metro areas saw year-over-year declines in median home prices, primarily in the Sun Belt regions, due to elevated inventory levels and reduced demand.
Despite the modest increase, townhomes and condos experienced a decline in median prices compared to the same period last year. Buyers are leveraging increased inventory for better negotiating power, although elevated mortgage rates and post-pandemic price highs continue to challenge demand.
Homes.com, under CoStar Group’s ownership since 2021, remains a significant player in the residential real estate sector, providing extensive market insights while rapidly expanding its audience reach. In the first quarter of 2025, Homes.com and its network reached an impressive 104 million average monthly unique visitors, reflecting a significant growth in consumer brand awareness.
