US home prices hit record high as summer demand defies rate headwinds
“This summer’s home sellers and buyers should pay close attention to local trends; every housing market is definitely not equal,” said Sheharyar Bokhari, senior economist at Redfin. “Sellers in strong buyer’s markets like Nashville or Austin should recognize that while prices are rising to record highs nationwide, that’s not necessarily the case in their area.”
Ohio leads metro gains; Sun Belt markets slide
Home prices rose in 30 of the 49 major metros analyzed, with the biggest monthly gains in Columbus, OH (1.2%), Miami, FL (1.1%), and Cincinnati, OH (1%).
Kansas City, MO, and Warren, MI also posted gains 0.8% and above.
The Midwest’s strength continues a pattern that has defined regional price dynamics throughout 2026, with industrial hubs outperforming coastal and Sun Belt metros.
At the other end, prices declined month over month in 19 metros, led by:
