The median monthly housing payment reached $2,256 in June, a 4.5% annual increase. Existing-home sales have declined 5.4% year-over-year while the median sales price climbed to $412,300. This data reveals a market defined by persistent high costs and slowing transaction volume.
Key Takeaways
- Housing affordability index fell to 98.1 in Q2 2024 per NAR.
- The median sales price of existing homes in the United States was $412,300 in June 2024, marking a 4.1% increase from June 2023.
- Existing-home sales totaled 3.89 million annualized in June 2024, down 5.4% YoY according to NAR.
- Active single-family home listings nationwide fell to 720,000 in July 2024, down 25% from pre-pandemic levels per Realtor.com.
- Average 30-year fixed mortgage rate was 6.77% in late July 2024 per Freddie Mac.
Home prices remain steady while sales activity shows modest improvement across key markets.
Related reading
01 · Category
Affordability and Rents25 stats
01
Housing affordability index fell to 98.1 in Q2 2024 per NAR.
02
Median monthly housing payment hit $2,256in June 2024, up 4.5% YoY via Redfin.
03
Rent affordability ratio in US reached 30.4% of median income in Q2 2024 per Apartment List.
04
Home price-to-income ratio nationwide was 5.6 in 2024 per Demographia.
05
National median rent was $2,000per month in July 2024, up 2.1% YoY according to Zillow.
06
Renters spending over 50% of income on rent rose to 22.5 million households in 2023 per Harvard JCHS.
07
Mortgage affordability for median buyer required $108,000income in Q2 2024 per NAR.
08
NYC rent burden affected 53% of renters in 2024 per StreetEasy report.
09
US rent growth slowed to 1.2% YoY in July 2024 per CoreLogic Rental Report.
10
Price-to-rent ratio nationally was 20.5 in Q2 2024 via Zillow.
11
First-time buyer share dropped to 26% in 2024 per NAR Profile of Buyers.
12
Median renter income was $52,000in 2023, covering rent for 27% of income per Census ACS.
13
San Francisco rent affordability index was 42% of income in July 2024 per RentCafe.
14
National homeownership rate for under-35s fell to 37.4% in Q2 2024 per Census.
15
Rent vacancy rate dropped to 6.6% in Q1 2024 pushing rents up per Moody's.
16
Monthly cost to buy vs rent gap widened to $1,200in 2024 per Bankrate.
17
Black homeownership rate stagnated at 44.1% in 2024 amid affordability crunch per Urban Institute.
18
Median asking rent in Phoenix hit $1,850in July 2024, up 4% YoY per Redfin.
19
Affordability for millennials required $130,000income in coastal markets per Redfin.
20
National multifamily rent growth was 2.8% YoY in Q2 2024 per Yardi Matrix.
21
Rent control covered 4% of US units but affordability still low per HUD.
22
Income needed for median home rose 15% since 2020 to $115,000 per NAHB.
23
Austin rents averaged $1,720in July 2024, burdening 32% of median income per Apartment List.
24
Senior housing affordability crisis affected 1 in 3 renters over 65 per AARP.
25
Rent-to-income ratio hit 32% in Miami in 2024 per Rent.com.
Interpretation
Affordability and Rents Interpretation
The dream of homeownership is rapidly becoming a financial mirage, while renting offers little more than a slightly less suffocating anchor, as both buyers and renters across generations and geographies are now buckling under the crushing weight of costs completely untethered from stagnant wages.
02 · Category
Home Prices29 stats
01
The median sales price of existing homes in the United States was $412,300in June 2024, marking a 4.1% increase from June 2023.
02
In Q2 2024, the average home price in California reached $859,400,up 6.2% year-over-year according to Zillow data.
03
New York City's median home sale price hit $1,095,000in Q2 2024, a 7.8% rise from the previous year per StreetEasy.
04
The Case-Shiller National Home Price Index increased by 6.4% year-over-year in May 2024.
05
Median home prices in Austin, TX surged to $495,000in July 2024, 3.2% higher than last year per Redfin.
06
FHFA House Price Index for the US rose 5.2% in Q1 2024 compared to Q1 2023.
07
Miami's median single-family home price was $640,000in June 2024, up 8.1% YoY via Realtor.com.
08
The national average home value stood at $367,711in August 2024 per Zillow's Zestimate.
09
Phoenix metro area home prices averaged $445,000in Q2 2024, increasing 4.9% YoY according to CoreLogic.
10
Seattle's median home price climbed to $825,000in July 2024, a 5.6% gain per Redfin reports.
11
Denver home prices hit $585,000median in June 2024, up 2.8% from prior year via Altos Research.
12
The US median listing price for homes was $428,000in July 2024 per Realtor.com.
13
Atlanta's median sale price reached $415,000in Q2 2024, 4.3% higher YoY according to Zillow.
14
Boston metro median home price was $742,000in June 2024, up 5.9% YoY per The Warren Group.
15
Las Vegas home prices averaged $465,000in July 2024, a 6.1% increase via Redfin data.
16
Portland, OR median price stood at $535,000in Q2 2024, rising 3.7% YoY per RMLS.
17
National home price growth slowed to 4.2% YoY in June 2024 according to Black Knight.
18
Tampa's median home price was $395,000in July 2024, up 5.4% from last year per Redfin.
19
Chicago median sales price hit $340,000in Q2 2024, 7.2% YoY increase via Midwest Real Estate Data.
20
San Francisco Bay Area median price reached $1,350,000in June 2024, up 4.8% YoY per California Association of Realtors.
21
Dallas-Fort Worth median home price was $395,000in July 2024, 2.6% higher YoY according to HAR.
22
Philadelphia metro prices averaged $375,000in Q2 2024, rising 5.1% YoY per Bright MLS.
23
Nashville median sale price climbed to $455,000in June 2024, up 3.9% YoY via REALtrends.
24
Orlando home prices hit $415,000median in July 2024, 6.3% increase per Redfin.
25
Detroit median price was $245,000in Q2 2024, surging 8.5% YoY according to Realcomp.
26
Minneapolis-St. Paul median reached $375,000in June 2024, up 4.7% YoY per NorthstarMLS.
27
Charlotte, NC prices averaged $425,000in July 2024, 5.2% YoY gain via Canopy MLS.
28
San Diego median home price was $1,050,000in Q2 2024, up 6.8% YoY per Sandicor.
29
Raleigh-Durham median price hit $465,000in June 2024, 4.1% increase according to Triangle MLS.
Interpretation
Home Prices Interpretation
In a display of economic resilience that would make a cockroach jealous, the entire U.S. housing market, from coast to coast, stubbornly insisted on becoming more expensive in 2024.
03 · Category
Home Sales20 stats
01
Existing-home sales totaled 3.89 million annualized in June 2024, down 5.4% YoY according to NAR.
02
New single-family home sales reached 617,000 annualized in June 2024, up 2.5% MoM per Census.
03
Pending home sales index fell to 71.5 in June 2024, down 0.8% MoM via NAR.
04
Redfin-compiled home sales volume dropped 8% YoY nationwide in July 2024.
05
California existing home sales were 278,460 annualized in June 2024, down 10% YoY per CAR.
06
Florida home sales totaled 380,000 annualized in Q2 2024, flat YoY according to Florida Realtors.
07
Texas existing home sales hit 320,000 annualized in July 2024, down 4% YoY per Texas Realtors.
08
Atlanta metro sales volume was 45,000 homes in Q2 2024, down 2% YoY via FMLS.
09
Phoenix home sales fell 1.5% YoY to 7,200 in July 2024 per ARMLS.
10
Median days on market nationwide rose to 44 days in June 2024, up from 31 last year via Redfin.
11
New York metro sales volume declined 12% YoY in Q2 2024 according to OneKey MLS.
12
Seattle area home sales totaled 6,500 in July 2024, down 6% YoY per NWMLS.
13
National contract signings up 1.2% MoM but down 2% YoY in June 2024 per NAR PHSI.
14
Miami-Dade sales rose 5% YoY to 2,800 homes in June 2024 via Miami Realtors.
15
Denver sales volume was 4,200 homes in July 2024, flat YoY per REcolorado.
16
Midwest sales down 7% YoY to 1.1 million annualized in Q2 2024 according to MRED.
17
Las Vegas Valley sales hit 2,900 in June 2024, up 3% YoY per GLVAR.
18
Boston-area closed sales fell 8.5% YoY in June 2024 per GBAR.
19
San Diego County sales totaled 3,200 homes in Q2 2024, down 4% YoY via Sandicor.
20
Charlotte sales volume up 2% YoY to 12,000 in July 2024 per Canopy MLS.
Interpretation
Home Sales Interpretation
It seems the housing market has collectively decided to take a sedated summer siesta, as sales are mostly down, flat, or rising at a polite, unmotivated pace, while homes linger longer on the market like reluctant party guests.
More related reading
04 · Category
Housing Inventory28 stats
01
Active single-family home listings nationwide fell to 720,000 in July 2024, down 25% from pre-pandemic levels per Realtor.com.
02
New home inventory reached 481,000 units at end of June 2024, up 12.5% YoY according to Census Bureau.
03
Months' supply of existing homes was 4.2 months in June 2024, up from 3.3 months last year via NAR.
04
Total US housing inventory stood at 1.28 million homes for sale in July 2024, a 17% YoY increase per Redfin.
05
Seller's market share dropped to 21.6% of US metros in Q2 2024 per Zillow analysis.
06
Pending home listings increased by 6.4% YoY to 380,000 in June 2024 according to Redfin.
07
National new listings rose 1.2% YoY in July 2024 but remained 20% below 2019 peaks via Realtor.com.
08
Inventory of homes for sale in California was 152,000 units in Q2 2024, up 28% YoY per CAR.
09
Florida's active listings surged to 240,000 in June 2024, a 35% increase from last year according to Florida Realtors.
10
Texas inventory reached 98,000 homes in July 2024, up 22% YoY per Texas Realtors.
11
Months' supply in Phoenix was 4.8 months in July 2024, highest since 2014 via ARMLS.
12
National unsold inventory for new homes hit 8.1 months' supply in June 2024 per Census.
13
Active listings in Atlanta metro climbed 32% YoY to 18,500 in Q2 2024 according to FMLS.
14
Midwest inventory grew 15% YoY to 220,000 units in June 2024 via Midwest Real Estate Data.
15
New construction inventory in Boise, ID reached 2,100 units in July 2024, up 40% YoY per Boise Regional MLS.
16
US total housing starts fell to 1.28 million annualized in June 2024, down 5.5% from May per Census.
17
Rental vacancy rate was 6.8% in Q2 2024 nationally according to Census Bureau.
18
Inventory per capita in San Francisco was 0.3 homes per 1,000 residents in July 2024 per Zillow.
19
National active listing count rose 28.9% YoY to 890,000 in late July 2024 via Redfin.
20
Condo inventory in Miami increased 45% YoY to 12,000 units in Q2 2024 per Condo.com.
21
Building permits issued nationwide totaled 1.45 million annualized in June 2024, up 3.5% MoM per Census.
22
Inventory in Denver metro hit 7,200 homes in July 2024, 25% above last year via REcolorado.
23
Northeast US months' supply averaged 5.1 months in Q2 2024 according to NAR regional data.
24
Luxury home inventory (over $1M) grew 15% YoY to 85,000 nationwide in June 2024 per Redfin.
25
South region's active listings up 30% YoY to 450,000 in July 2024 via Realtor.com.
26
Existing single-family inventory was 650,000 units in June 2024, 20% YoY increase per NAR.
27
West Coast new home inventory averaged 4.5 months' supply in Q2 2024 according to NAHB.
28
Total US listings under contract rose 10% YoY in July 2024 but still low at 400,000 per CoreLogic.
Interpretation
Housing Inventory Interpretation
The market is a perplexing cocktail of scarcity and surplus, where soaring new construction and regional gluts are awkwardly trying to fill the cavernous hole left by a still-stubborn shortage of existing homes for sale.
05 · Category
Mortgage Rates24 stats
01
Average 30-year fixed mortgage rate was 6.77% in late July 2024 per Freddie Mac.
02
15-year fixed rate averaged 6.07% for the week ending July 25, 2024 according to Mortgage News Daily.
03
5/1 ARM rates hit 6.42% nationally in July 2024 via Bankrate survey.
04
Jumbo 30-year fixed rates averaged 6.85% in Q2 2024 per optimalblue.
05
FHA 30-year mortgage rate was 6.58% in June 2024 according to Genworth.
06
VA 30-year fixed rate averaged 6.45% for July 2024 per Veterans United.
07
National average refinance rate for 30-year fixed was 6.82% on July 30, 2024 via NerdWallet.
08
30-year fixed rates in California averaged 6.92% in late July 2024 per HSH Associates.
09
Effective mortgage rate spread over Treasuries widened to 2.85% in Q2 2024 per Urban Institute.
10
Average APR on 30-year fixed loans was 6.95% in July 2024 according to LendingTree.
11
7/1 ARM rates stood at 6.55% nationally in June 2024 via Zillow.
12
Conforming 30-year fixed rate averaged 6.74% for week of July 26, 2024 per Mortgage News Daily.
13
Texas mortgage rates for 30-year fixed were 6.79% average in July 2024 per BestCashCow.
14
Florida 30-year fixed rates hit 6.88% in late July 2024 via Bankrate state data.
15
Mortgage rates dipped to 6.74% for 30-year fixed on July 25, 2024 per Freddie Mac weekly survey.
16
High-balance conforming rates averaged 6.91% in Q2 2024 according to MBA.
17
30-year fixed rates for investment properties were 7.12% in July 2024 per Rocket Mortgage.
18
New York 30-year fixed average was 6.89% in July 2024 via Yahoo Finance.
19
Adjustable-rate mortgage share of applications rose to 11% in June 2024 per MBA.
20
10-year Treasury yield influenced rates at 4.25% correlating to 6.80% mortgages in July 2024 via CME.
21
Average construction loan rate was 7.45% in Q2 2024 per NAHB/Wells Fargo survey.
22
HELOC rates averaged 9.15% nationally in July 2024 according to Bankrate.
23
Reverse mortgage rates for HECM were 6.95% effective in June 2024 per NRMLA.
24
Mortgage delinquency rate influenced by rates rose to 3.92% in Q1 2024 per MBA.
Interpretation
Mortgage Rates Interpretation
Despite the Federal Reserve's attempts at financial acupuncture, the housing market has responded with a collective, "Ouch, that's still expensive," as mortgage rates stubbornly hover between 6.5% and 7%, making the dream of homeownership feel less like a milestone and more like a math test you forgot to study for.
Reference
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APA
Lukas Bauer. (2026, February 13). Housing Market Statistics. Gitnux. https://gitnux.org/housing-market-statistics
MLA
Lukas Bauer. "Housing Market Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/housing-market-statistics.
Chicago
Lukas Bauer. 2026. "Housing Market Statistics." Gitnux. https://gitnux.org/housing-market-statistics.
Sources & references
62 datasets cited across this report · attribution is report-level