Q2 Home Prices Up in 91 Percent of Metro Areas – NMP
Industry News

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
Phil Hall
Link copied
Published
Aug 07, 2019
Get the NMP Daily
Industry News
Newfi And Addy AI Announce Partnership

Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending

Newfi and Addy AI today announced a collaboration focused on the continued evolution of artificial intelligence in mortgage lending.Newfi has built innovative lending products and a modern approach to the mortgage market. As the industry evolves, the company continues to exp...

Continue reading
Analysis and Data
Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Homebuyers are putting less money down than they were a year ago, another sign that increased inventory and greater negotiating room are changing the purchase market.The typical down payment fell to $27,100 in the second quarter of 2026, the lowest second-quarter dollar amou...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Industry News
Sep 23, 2026
Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Industry News
Sep 23, 2026
Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

C-Suite Strategies
Sep 23, 2026
Fannie Changes How Rent From A Former Home Counts

Fannie now prohibits leases for departing residences and permits market-analysis tools instead of Form 1007, creating a key documentation difference from Freddie Mac

Regulation and Compliance
Sep 22, 2026
MPF Expands Eligibility For Manufactured And Renovation Loans

The Mortgage Partnership Finance Program has expanded MPF Traditional eligibility for affordable loans, manufactured homes, renovations, and lender-funded assistance

Industry News
Sep 22, 2026