Skip to main content

Q2 Home Prices Up in 91 Percent of Metro Areas

Aug 07, 2019
Photo credit: Getty Images/amlanmathur

The second quarter saw a spike in single-family median home prices in 91 percent of the metro areas tracked by the National Association of Realtors (NAR).
 
Out of the 178 metro areas studied by NAR, 162 recorded year-over-year increases in their single-family median home. The 91 percent level is higher than the 86 percent share in the first quarter. Curiously, some of the metro areas where prices declined were the most expensive housing markets, including San Jose (-5.3 percent), San Francisco (-1.9 percent) and Honolulu (-1.2 percent). The second quarter national median existing single-family home price of $279,600 is 4.3 percent higher than the $268,000 price in the second quarter of 2018 ($268,000).
 
Lawrence Yun, NAR’s chief economist, said home builders must bring more homes to the market to help keep prices stable.
 
“New home construction is greatly needed,” Yun said. “However, home construction fell in the first half of the year. This leads to continuing tight inventory conditions, especially at more affordable price points. Home prices are mildly reaccelerating as a result.”

 
About the author
Published
Aug 07, 2019
Fed Holds Rates Steady As Economic Growth Stays Solid

Move comes amid mounting pressure, frustration from President Trump

Guild Mortgage To Go Private In $1.3B Deal With Bayview Asset Management

Guild to remain independent post-acquisition, strengthening national retail and servicing strategy

Jun 18, 2025
Rocket Pro And Vetted VA Join Forces

What started as a Facebook group now educates 100K+ veterans monthly — Vetted VA and Rocket Pro working to bring ethics, clarity to a broken system

Jun 17, 2025
MBA Urges Shift To Single Credit Report Model, Citing Cost Savings And Efficiency

MBA says tri-merge credit checks cost lenders up to $100 per loan, doubling since pre-COVID, as industry pushes for a cheaper, single-report model

Jun 16, 2025
Fairway Acquires Hallmark Home Mortgage Through Asset Purchase

Hallmark to become new Fairway division, gets access to Fairway's Fairway's product portfolio, tech, and support resources

Jun 13, 2025
Trigger Leads Bill Clears Senate

Final push now left to House; reconciled bill needed next