{"id":974631,"date":"2026-06-23T08:03:39","date_gmt":"2026-06-23T12:03:39","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve\/"},"modified":"2026-06-23T08:03:39","modified_gmt":"2026-06-23T12:03:39","slug":"u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve\/","title":{"rendered":"U.S. Home-Price Growth Accelerated in May, Fueled by April\u2019s Brief Mortgage-Rate Reprieve"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>U.S. Home-Price Growth Accelerated in May, Fueled by April\u2019s Brief Mortgage-Rate Reprieve<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><i>Redfin reports home prices rose 0.3% month over month on a seasonally adjusted basis<\/i><\/li>\n<li><i>Prices rose 2.5% on a year-over-year basis\u2014the fastest growth rate in six months<\/i><\/li>\n<li><i>Of the 29 major metros where prices rose month over month, Cleveland, Providence and New York saw the biggest increases<\/i><\/li>\n<li><i>This is based on the Redfin Home Price Index (RHPI), a repeat-sales measure of seasonally adjusted home-price changes that is reported about a month earlier than the Case-Shiller Index.<\/i><\/li>\n<\/ul>\n<p>SEATTLE&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nU.S. home prices increased 0.3% month over month in May on a seasonally adjusted basis, the fastest growth rate since January. That\u2019s according to a new <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhome-price-index-may-2026&amp;esheet=54558434&amp;newsitemid=20260623046342&amp;lan=en-US&amp;anchor=report&amp;index=1&amp;md5=d8c853d91223607548fcfca4940b15c6\">report<\/a> from <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2F&amp;esheet=54558434&amp;newsitemid=20260623046342&amp;lan=en-US&amp;anchor=Redfin&amp;index=2&amp;md5=557d750cceaeca4652e14af936cbbdb2\">Redfin<\/a>, the real estate brokerage powered by Rocket. Prices rose 2.5% from a year earlier, the fastest year-over-year growth in six months.<\/p>\n<p>\nThis is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in single-family home prices. The RHPI measures how sale prices of homes have changed since their previous sale. May data covers the three months ending May 31, 2026.<\/p>\n<p>\nHome-price growth picked up steam in May because that month\u2019s prices reflected deals that went under contract in April, when homebuying demand strengthened as mortgage rates declined. Closed U.S. home sales hit their <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Frising-rates-stall-housing-market-momentum%2F&amp;esheet=54558434&amp;newsitemid=20260623046342&amp;lan=en-US&amp;anchor=highest+level&amp;index=3&amp;md5=0689abadaf9f4b28b4d5bd135f463111\">highest level<\/a> since 2022 in May, and while inventory is also ticking up, there still aren\u2019t enough desirable, affordable homes on the market.<\/p>\n<p>\nNote that pending<i \/>sales\u2014a more current gauge of the market\u2014have since flattened, largely because mortgage rates rose throughout May. But because new listings are also <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhousing-market-update-housing-payments-climb-buyers-back-away%2F&amp;esheet=54558434&amp;newsitemid=20260623046342&amp;lan=en-US&amp;anchor=flattening&amp;index=4&amp;md5=cb0d6ea9514d18893597ab1eb172a1fd\">flattening<\/a>, home prices may continue to rise at their current pace.<\/p>\n<p>\n\u201cBuyers got a boost from lower mortgage rates in the spring, and that momentum is showing up in prices,\u201d said <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fauthor%2Fsheharyarbokhari%2F&amp;esheet=54558434&amp;newsitemid=20260623046342&amp;lan=en-US&amp;anchor=Sheharyar+Bokhari&amp;index=5&amp;md5=55c3f33310ac42c05f5fc2cb8267edcf\">Sheharyar Bokhari<\/a>, a senior economist at Redfin. \u201cAnd even though there are many more home sellers than buyers in the market, the most desirable homes are still attracting multiple offers, driving up prices. Buyers who are waiting for prices to fall may not get much relief; instead, they may consider expanding their search area or negotiating for <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fpress-releases%2Fhome-seller-concessions-record-high-rate%2F&amp;esheet=54558434&amp;newsitemid=20260623046342&amp;lan=en-US&amp;anchor=concessions&amp;index=6&amp;md5=d638a227df5f77922869d811d45e7133\">concessions<\/a>\u2014like mortgage-rate buydowns or closing-cost credits\u2014from sellers.\u201d<\/p>\n<p><b>Home Prices Are Rising in Most Major Metros, Led by Ohio and the Northeast<\/b><\/p>\n<p>\nHome prices rose in 29 major U.S. metros month over month on a seasonally adjusted basis in May. The biggest uptick among the U.S. metropolitan areas Redfin analyzed was in Cleveland, where home prices rose 2.5% month over month.<\/p>\n<p>\nCleveland is followed by Providence, RI (1.8%), New York (1.8%), Miami (1.5%) and Columbus, OH (1.3%). Providence is one of just seven <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fbuyers-vs-sellers-may-2026%2F&amp;esheet=54558434&amp;newsitemid=20260623046342&amp;lan=en-US&amp;anchor=seller%26%238217%3Bs+markets&amp;index=7&amp;md5=2d9230a65dcba4c689f261a00fe99a0a\">seller\u2019s markets<\/a> in the U.S., and Cleveland and New York are balanced markets; buyers are more likely to bid up prices in those places than in the 35 buyer\u2019s markets.<\/p>\n<p>\nPrices declined in 19 of the metros in this analysis, with the biggest drop in Riverside, CA (-1.9%). It\u2019s followed by San Jose, CA (-1.7%), San Francisco (-1.3%), Phoenix (-1%) and Denver (-0.7%).<\/p>\n<p>\nWhile San Francisco prices fell month over month, they\u2019re soaring on a year-over-year basis, largely <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fsan-francisco-home-prices-march-2026%2F&amp;esheet=54558434&amp;newsitemid=20260623046342&amp;lan=en-US&amp;anchor=because+of+the+AI+boom&amp;index=8&amp;md5=a111b7e74c986a13b845931cdefa877c\">because of the AI boom<\/a>. San Francisco home prices rose 11.7% year over year, the biggest increase in the U.S. It\u2019s followed by Chicago (10.7%), Newark, NJ (10.2%), Milwaukee (9.8%) and Nassau County, NY (9.8%).<\/p>\n<p>\nThe biggest year-over-year declines<i \/>were in Austin, TX (-3.8%), San Antonio (-2.4%), Dallas (-2.2%), Jacksonville, FL (-2.1%) and Orlando, FL (-2%).<\/p>\n<p>\nTo view the full report, including charts and metro-level insights, please visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhome-price-index-may-2026&amp;esheet=54558434&amp;newsitemid=20260623046342&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fhome-price-index-may-2026&amp;index=9&amp;md5=6a760d468bf63a909bff6f40c689a066\">https:\/\/www.redfin.com\/news\/home-price-index-may-2026<\/a><\/p>\n<p><b>About Redfin<\/b><\/p>\n<p>\nRedfin is a technology-driven real estate company with the country&#8217;s most-visited real estate brokerage website. As part of Rocket Companies (NYSE: RKT), Redfin is creating an integrated homeownership platform from search to close to make the dream of homeownership more affordable and accessible for everyone. Redfin\u2019s clients can see homes first with on-demand tours, easily apply for a home loan with Rocket Mortgage, and save thousands in fees while working with a top local agent.<\/p>\n<p>\nYou can find more information about Redfin and get the latest housing market data and research at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.redfin.com%2Fnews&amp;esheet=54558434&amp;newsitemid=20260623046342&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.redfin.com%2Fnews&amp;index=10&amp;md5=8af4f14aca57508fac952b3c6108fc44\">https:\/\/www.redfin.com\/news<\/a>. For more information about Rocket Companies, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.rocketcompanies.com%2F&amp;esheet=54558434&amp;newsitemid=20260623046342&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.rocketcompanies.com&amp;index=11&amp;md5=5f5e5493496cb1f17fc9e9ee45589104\">https:\/\/www.rocketcompanies.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260623046342r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260623046342\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260623046342\/en\/<\/a><\/span><\/p>\n<p><b>Contact Redfin Journalist Services:<br \/>\n<\/b><br \/>Kynsay Hunt<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:press@redfin.com\">press@redfin.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Washington<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Residential Building &amp; Real Estate Banking Construction &amp; Property Professional Services<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260623046342\/en\/2512757\/3\/Redfin_powered_by_Rocket.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>U.S. Home-Price Growth Accelerated in May, Fueled by April\u2019s Brief Mortgage-Rate Reprieve Redfin reports home prices rose 0.3% month over month on a seasonally adjusted basis Prices rose 2.5% on a year-over-year basis\u2014the fastest growth rate in six months Of the 29 major metros where prices rose month over month, Cleveland, Providence and New York saw the biggest increases This is based on the Redfin Home Price Index (RHPI), a repeat-sales measure of seasonally adjusted home-price changes that is reported about a month earlier than the Case-Shiller Index. SEATTLE&#8211;(BUSINESS WIRE)&#8211; U.S. home prices increased 0.3% month over month in May on a seasonally adjusted basis, the fastest growth rate since January. That\u2019s according to a new report from Redfin, the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;U.S. Home-Price Growth Accelerated in May, Fueled by April\u2019s Brief Mortgage-Rate Reprieve&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-974631","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>U.S. Home-Price Growth Accelerated in May, Fueled by April\u2019s Brief Mortgage-Rate Reprieve - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. Home-Price Growth Accelerated in May, Fueled by April\u2019s Brief Mortgage-Rate Reprieve - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"U.S. Home-Price Growth Accelerated in May, Fueled by April\u2019s Brief Mortgage-Rate Reprieve Redfin reports home prices rose 0.3% month over month on a seasonally adjusted basis Prices rose 2.5% on a year-over-year basis\u2014the fastest growth rate in six months Of the 29 major metros where prices rose month over month, Cleveland, Providence and New York saw the biggest increases This is based on the Redfin Home Price Index (RHPI), a repeat-sales measure of seasonally adjusted home-price changes that is reported about a month earlier than the Case-Shiller Index. SEATTLE&#8211;(BUSINESS WIRE)&#8211; U.S. home prices increased 0.3% month over month in May on a seasonally adjusted basis, the fastest growth rate since January. That\u2019s according to a new report from Redfin, the &hellip; Continue reading &quot;U.S. Home-Price Growth Accelerated in May, Fueled by April\u2019s Brief Mortgage-Rate Reprieve&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-23T12:03:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260623046342r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"U.S. Home-Price Growth Accelerated in May, Fueled by April\u2019s Brief Mortgage-Rate Reprieve\",\"datePublished\":\"2026-06-23T12:03:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve\\\/\"},\"wordCount\":760,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20260623046342r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve\\\/\",\"name\":\"U.S. Home-Price Growth Accelerated in May, Fueled by April\u2019s Brief Mortgage-Rate Reprieve - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve\/","og_locale":"en_US","og_type":"article","og_title":"U.S. Home-Price Growth Accelerated in May, Fueled by April\u2019s Brief Mortgage-Rate Reprieve - Market Newsdesk","og_description":"U.S. Home-Price Growth Accelerated in May, Fueled by April\u2019s Brief Mortgage-Rate Reprieve Redfin reports home prices rose 0.3% month over month on a seasonally adjusted basis Prices rose 2.5% on a year-over-year basis\u2014the fastest growth rate in six months Of the 29 major metros where prices rose month over month, Cleveland, Providence and New York saw the biggest increases This is based on the Redfin Home Price Index (RHPI), a repeat-sales measure of seasonally adjusted home-price changes that is reported about a month earlier than the Case-Shiller Index. SEATTLE&#8211;(BUSINESS WIRE)&#8211; U.S. home prices increased 0.3% month over month in May on a seasonally adjusted basis, the fastest growth rate since January. That\u2019s according to a new report from Redfin, the &hellip; Continue reading \"U.S. Home-Price Growth Accelerated in May, Fueled by April\u2019s Brief Mortgage-Rate Reprieve\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve\/","og_site_name":"Market Newsdesk","article_published_time":"2026-06-23T12:03:39+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260623046342r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"U.S. Home-Price Growth Accelerated in May, Fueled by April\u2019s Brief Mortgage-Rate Reprieve","datePublished":"2026-06-23T12:03:39+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve\/"},"wordCount":760,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260623046342r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/u-s-home-price-growth-accelerated-in-may-fueled-by-aprils-brief-mortgage-rate-reprieve\/","name":"U.S. Home-Price Growth Accelerated in May, Fueled by April\u2019s Brief Mortgage-Rate Reprieve - 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