Re/Max report shows median sales prices are up across US

Chicago and Los Angeles moved a lot of homes in June
  • The Re/Max National Housing Report showed that median home price across the country rose only 0.7 percent to $229,000 since June of last year.
  • Augusta, Maine, had the highest percentage of growth in closed transactions, at 22.7 percent.
  • Out of the 53 metro areas surveyed, 31 experienced growth in closed transactions.

Thanks to strong homebuyer demand in the national real estate market in June, median home prices and sales levels increased, according to Re/Max.

Re/Max surveyed 53 metro areas across the country to determine the data points in its National Housing Report, finding median home prices increased 2.2 percent to $229,900 year-over-year. This is nearly a 3 percent increase over May. And although the total amount of homes for sale dropped 15.6 percent from the same time since the previous year, inventory on the national scale increased to 3.2 months, just beating out May’s three months supply.