Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High

Indicators of homebuying demand and activity

Value (if applicable)

Recent change

Year-over-year change

Source

Daily average 30-year fixed mortgage rate

6.54% (June 30)

Down from 6.65% one week earlier

Down from 6.86%

Mortgage News Daily

Weekly average 30-year fixed mortgage rate

6.49% (week ending June 25)

Up slightly from 6.47% one week earlier

Down from 6.77%

Freddie Mac

Mortgage-purchase applications (seasonally adjusted)

Up 1% from a week earlier (as of week ending June 26)

Up 3%

Mortgage Bankers Association

Google searches of “homes for sale”

Up about 8% from a month earlier (as of June 29)

Up 8%

Google Trends

Touring activity

Up 18% from the start of the year (as of June 29)

At this time last year, it was up 32% from the start of 2025

ShowingTime

U.S. highlights: Four weeks ending June 28, 2026

Redfin’s national metrics include data from 900+ U.S. metro areas and are based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2021. Subject to revision.

Four weeks ending June 28, 2026

Year-over-year change

Week-over-week change (where applicable)

Notes

Median sale price

$408,838

2.5%

Record high

Median asking price (seasonally adjusted)

$404,414

3.7%

Median monthly mortgage payment (seasonally adjusted)

$2,633 at a 6.49% mortgage rate

1.4%

Pending sales (seasonally adjusted)

324,251

2%

0.4%

New listings (seasonally adjusted)

358,736

1.7%

1.1%

Active listings (seasonally adjusted)

1,476,146

-0.1%

-0.1%

Months of supply

3.5

-0.2 pts.

4 to 5 months of supply is considered balanced, with a lower number indicating seller’s market conditions

Share of homes off market in two weeks

35.8%

Essentially unchanged

Median days on market

39

+1 day

Share of home listings with price drops

20.2%

Down from about 21%

Share of homes sold above list price

28.8%

Essentially unchanged

Average sale-to-list price ratio

99.1%

Essentially unchanged

Metro-level highlights: Four weeks ending June 28, 2026

Redfin’s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy.

Metros with biggest year-over-year increases

Metros with biggest year-over-year decreases

Notes

Median sale price

San Francisco (10.8%)

West Palm Beach, FL (10.6%)

Pittsburgh (9.1%)

Philadelphia (8.7%)

Detroit (8.2%)

Seattle (-5.3%)

San Jose, CA (-4%)

Riverside, CA (-1.8%)

Portland, OR (-1%)

Dallas (-0.6%)

Declined in 8 metros

Pending sales

San Francisco (17%)

Austin, TX (14.2%)

West Palm Beach, FL (10.9%)

Milwaukee (10.8%)

Cincinnati (9.5%)

Seattle (-14.7%)

Houston (-14%)

Detroit (-11.3%)

Warren, MI (-8.6%)

Atlanta (-5.3%)

New listings

Philadelphia (15.7%)

Anaheim, CA (15.2%)

St. Louis (12.4%)

Pittsburgh (11.9%)

Boston (11.4%)

Dallas (-11.8%)

Fort Worth, TX (-8.2%)

Jacksonville, FL (-7.3%)

Atlanta (-5%)

San Jose, CA (-4.2%)