{"id":978140,"date":"2026-07-02T08:44:05","date_gmt":"2026-07-02T12:44:05","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-monthly-payments-tick-up-for-first-time-in-8-months-as-home-prices-hit-record-high\/"},"modified":"2026-07-02T08:44:05","modified_gmt":"2026-07-02T12:44:05","slug":"redfin-reports-monthly-payments-tick-up-for-first-time-in-8-months-as-home-prices-hit-record-high","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-monthly-payments-tick-up-for-first-time-in-8-months-as-home-prices-hit-record-high\/","title":{"rendered":"Redfin Reports Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High"},"content":{"rendered":"

<\/p>\n

Redfin Reports Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High<\/b><\/p>\n

Pending home sales increased 0.4% week over week<\/i><\/p>\n

SEATTLE–(BUSINESS WIRE<\/a>)–
\nThe median U.S. housing payment posted its first year-over-year increase since October during the four weeks ending June 28 as home prices and mortgage rates rose. That\u2019s according to a new report<\/a> from Redfin<\/a>, the real estate brokerage powered by Rocket. Redfin\u2019s analysis is condensed this week due to the July 4th holiday.<\/p>\n

Leading indicators<\/b><\/p>\n\n\n\n\n\n\n\n\n
\n

Indicators of homebuying demand and activity<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Value (if applicable)<\/b><\/p>\n<\/td>\n

\n

Recent change<\/b><\/p>\n<\/td>\n

\n

Year-over-year change<\/b><\/p>\n<\/td>\n

\n

Source<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Daily average 30-year fixed mortgage rate<\/b><\/p>\n<\/td>\n

\n

\n6.54% (June 30)<\/p>\n<\/td>\n

\n

\nDown from 6.65% one week earlier<\/p>\n<\/td>\n

\n

\nDown from 6.86%<\/p>\n<\/td>\n

\n

\nMortgage News Daily<\/p>\n<\/td>\n<\/tr>\n

\n

Weekly average 30-year fixed mortgage rate<\/b><\/p>\n<\/td>\n

\n

\n6.49% (week ending June 25)<\/p>\n<\/td>\n

\n

\nUp slightly from 6.47% one week earlier<\/p>\n<\/td>\n

\n

\nDown from 6.77%<\/p>\n<\/td>\n

\n

\nFreddie Mac<\/p>\n<\/td>\n<\/tr>\n

\n

Mortgage-purchase applications (seasonally adjusted)<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nUp 1% from a week earlier (as of week ending June 26)<\/p>\n<\/td>\n

\n

\nUp 3%<\/p>\n<\/td>\n

\n

\nMortgage Bankers Association<\/p>\n<\/td>\n<\/tr>\n

\n

Google searches of \u201chomes for sale\u201d<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nUp about 8% from a month earlier (as of June 29)<\/p>\n<\/td>\n

\n

\nUp 8%<\/p>\n<\/td>\n

\n

\nGoogle Trends<\/p>\n<\/td>\n<\/tr>\n

\n

Touring activity<\/b><\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nUp 18% from the start of the year (as of June 29)<\/p>\n<\/td>\n

\n

\nAt this time last year, it was up 32% from the start of 2025<\/p>\n<\/td>\n

\n

\nShowingTime<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

Key housing-market data<\/b><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

U.S. highlights: Four weeks ending June 28, 2026<\/b><\/p>\n

Redfin\u2019s 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.<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Four weeks ending June 28, 2026<\/b><\/p>\n<\/td>\n

\n

Year-over-year change<\/b><\/p>\n<\/td>\n

\n

Week-over-week change (where applicable)<\/b><\/p>\n<\/td>\n

\n

Notes<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Median sale price<\/b><\/p>\n<\/td>\n

\n

\n$408,838<\/p>\n<\/td>\n

\n

\n2.5%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nRecord high<\/p>\n<\/td>\n<\/tr>\n

\n

Median asking price (seasonally adjusted)<\/b><\/p>\n<\/td>\n

\n

\n$404,414<\/p>\n<\/td>\n

\n

\n3.7%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Median monthly mortgage payment (seasonally adjusted)<\/b><\/p>\n<\/td>\n

\n

\n$2,633 at a 6.49% mortgage rate<\/p>\n<\/td>\n

\n

\n1.4%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Pending sales (seasonally adjusted)<\/b><\/p>\n<\/td>\n

\n

\n324,251<\/p>\n<\/td>\n

\n

\n2%<\/p>\n<\/td>\n

\n

\n0.4%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

New listings (seasonally adjusted)<\/b><\/p>\n<\/td>\n

\n

\n358,736<\/p>\n<\/td>\n

\n

\n1.7%<\/p>\n<\/td>\n

\n

\n1.1%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Active listings (seasonally adjusted)<\/b><\/p>\n<\/td>\n

\n

\n1,476,146<\/p>\n<\/td>\n

\n

\n-0.1%<\/p>\n<\/td>\n

\n

\n-0.1%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Months of supply<\/b><\/p>\n<\/td>\n

\n

\n3.5<\/p>\n<\/td>\n

\n

\n-0.2 pts.<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n4 to 5 months of supply<\/a> is considered balanced, with a lower number indicating seller\u2019s market conditions<\/p>\n<\/td>\n<\/tr>\n

\n

Share of homes off market in two weeks<\/b><\/p>\n<\/td>\n

\n

\n35.8%<\/p>\n<\/td>\n

\n

\nEssentially unchanged<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Median days on market<\/b><\/p>\n<\/td>\n

\n

\n39<\/p>\n<\/td>\n

\n

\n+1 day<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Share of home listings with price drops<\/b><\/p>\n<\/td>\n

\n

\n20.2%<\/p>\n<\/td>\n

\n

\nDown from about 21%<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Share of homes sold above list price<\/b><\/p>\n<\/td>\n

\n

\n28.8%<\/p>\n<\/td>\n

\n

\nEssentially unchanged<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Average sale-to-list price ratio<\/b><\/p>\n<\/td>\n

\n

\n99.1%<\/p>\n<\/td>\n

\n

\nEssentially unchanged<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n
\n

Metro-level highlights: Four weeks ending June 28, 2026<\/b><\/p>\n

Redfin\u2019s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy.<\/i><\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

Metros with biggest year-over-year increases<\/b><\/p>\n<\/td>\n

\n

Metros with biggest year-over-year decreases<\/b><\/p>\n<\/td>\n

\n

Notes<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Median sale price<\/b><\/p>\n<\/td>\n

\n

\nSan Francisco (10.8%)<\/p>\n

\nWest Palm Beach, FL (10.6%)<\/p>\n

\nPittsburgh (9.1%)<\/p>\n

\nPhiladelphia (8.7%)<\/p>\n

\nDetroit (8.2%)<\/p>\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nSeattle (-5.3%)<\/p>\n

\nSan Jose, CA (-4%)<\/p>\n

\nRiverside, CA (-1.8%)<\/p>\n

\nPortland, OR (-1%)<\/p>\n

\nDallas (-0.6%)<\/p>\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nDeclined in 8 metros<\/p>\n<\/td>\n<\/tr>\n

\n

Pending sales<\/b><\/p>\n<\/td>\n

\n

\nSan Francisco (17%)<\/p>\n

\nAustin, TX (14.2%)<\/p>\n

\nWest Palm Beach, FL (10.9%)<\/p>\n

\nMilwaukee (10.8%)<\/p>\n

\nCincinnati (9.5%)<\/p>\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nSeattle (-14.7%)<\/p>\n

\nHouston (-14%)<\/p>\n

\nDetroit (-11.3%)<\/p>\n

\nWarren, MI (-8.6%)<\/p>\n

\nAtlanta (-5.3%)<\/p>\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

New listings<\/b><\/p>\n<\/td>\n

\n

\nPhiladelphia (15.7%)<\/p>\n

\nAnaheim, CA (15.2%)<\/p>\n

\nSt. Louis (12.4%)<\/p>\n

\nPittsburgh (11.9%)<\/p>\n

\nBoston (11.4%)<\/p>\n

\n\u00a0<\/p>\n<\/td>\n

\n

\nDallas (-11.8%)<\/p>\n

\nFort Worth, TX (-8.2%)<\/p>\n

\nJacksonville, FL (-7.3%)<\/p>\n

\nAtlanta (-5%)<\/p>\n

\nSan Jose, CA (-4.2%)<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nTo view the full report, including charts, please visit:<\/p>\n

https:\/\/www.redfin.com\/news\/housing-market-update-payments-rise-prices-record-high<\/a><\/p>\n

About Redfin<\/b><\/p>\n

\nRedfin is a technology-driven real estate company with the country’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

\nYou can find more information about Redfin and get the latest housing market data and research at https:\/\/www.redfin.com\/news<\/a>. For more information about Rocket Companies, visit https:\/\/www.rocketcompanies.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260702056358\/en\/<\/a><\/span><\/p>\n

Contact Redfin Journalist Services:
\n<\/b>
Tana Kelley
\n
press@redfin.com<\/a><\/p>\n

KEYWORDS:<\/b> Washington United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Data Analytics Technology Residential Building & Real Estate Software Construction & Property Banking<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Redfin Reports Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High Pending home sales increased 0.4% week over week SEATTLE–(BUSINESS WIRE)– The median U.S. housing payment posted its first year-over-year increase since October during the four weeks ending June 28 as home prices and mortgage rates rose. That\u2019s according to a new report from Redfin, the real estate brokerage powered by Rocket. Redfin\u2019s analysis is condensed this week due to the July 4th holiday. Leading indicators Indicators of homebuying demand and activity \u00a0 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 … <\/p>\n

Continue reading “Redfin Reports Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High”<\/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-978140","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRedfin Reports Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High - 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\/redfin-reports-monthly-payments-tick-up-for-first-time-in-8-months-as-home-prices-hit-record-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Redfin Reports Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Redfin Reports Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High Pending home sales increased 0.4% week over week SEATTLE–(BUSINESS WIRE)– The median U.S. housing payment posted its first year-over-year increase since October during the four weeks ending June 28 as home prices and mortgage rates rose. That\u2019s according to a new report from Redfin, the real estate brokerage powered by Rocket. Redfin\u2019s analysis is condensed this week due to the July 4th holiday. Leading indicators Indicators of homebuying demand and activity \u00a0 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 … Continue reading "Redfin Reports Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-monthly-payments-tick-up-for-first-time-in-8-months-as-home-prices-hit-record-high\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-02T12:44:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20260702056358r1&sid=flmnd&distro=nx&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=\"3 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\\\/redfin-reports-monthly-payments-tick-up-for-first-time-in-8-months-as-home-prices-hit-record-high\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-reports-monthly-payments-tick-up-for-first-time-in-8-months-as-home-prices-hit-record-high\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Redfin Reports Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High\",\"datePublished\":\"2026-07-02T12:44:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-reports-monthly-payments-tick-up-for-first-time-in-8-months-as-home-prices-hit-record-high\\\/\"},\"wordCount\":650,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-reports-monthly-payments-tick-up-for-first-time-in-8-months-as-home-prices-hit-record-high\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20260702056358r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-reports-monthly-payments-tick-up-for-first-time-in-8-months-as-home-prices-hit-record-high\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/redfin-reports-monthly-payments-tick-up-for-first-time-in-8-months-as-home-prices-hit-record-high\\\/\",\"name\":\"Redfin Reports Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High - 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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\/redfin-reports-monthly-payments-tick-up-for-first-time-in-8-months-as-home-prices-hit-record-high\/","og_locale":"en_US","og_type":"article","og_title":"Redfin Reports Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High - Market Newsdesk","og_description":"Redfin Reports Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High Pending home sales increased 0.4% week over week SEATTLE–(BUSINESS WIRE)– The median U.S. housing payment posted its first year-over-year increase since October during the four weeks ending June 28 as home prices and mortgage rates rose. That\u2019s according to a new report from Redfin, the real estate brokerage powered by Rocket. Redfin\u2019s analysis is condensed this week due to the July 4th holiday. Leading indicators Indicators of homebuying demand and activity \u00a0 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 … Continue reading \"Redfin Reports Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-monthly-payments-tick-up-for-first-time-in-8-months-as-home-prices-hit-record-high\/","og_site_name":"Market Newsdesk","article_published_time":"2026-07-02T12:44:05+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20260702056358r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-monthly-payments-tick-up-for-first-time-in-8-months-as-home-prices-hit-record-high\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-monthly-payments-tick-up-for-first-time-in-8-months-as-home-prices-hit-record-high\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Redfin Reports Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High","datePublished":"2026-07-02T12:44:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-monthly-payments-tick-up-for-first-time-in-8-months-as-home-prices-hit-record-high\/"},"wordCount":650,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-monthly-payments-tick-up-for-first-time-in-8-months-as-home-prices-hit-record-high\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20260702056358r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-monthly-payments-tick-up-for-first-time-in-8-months-as-home-prices-hit-record-high\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/redfin-reports-monthly-payments-tick-up-for-first-time-in-8-months-as-home-prices-hit-record-high\/","name":"Redfin Reports Monthly Payments Tick Up For First Time in 8 Months As Home Prices Hit Record High - 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