US House Prices Hit All Time High

Home prices in the United States have hit an all-time high, new figures show.

The median sale price as of June 2024 was $397,954 – an almost 5 percent year-over-year change – the biggest increase since March this year and taking the level to an all-time high, according to data from Redfin. The National Association of Realtors (NAR) also said that median sale prices have climbed to record highs this year.

The latest figures come as a study recently concluded that 582 U.S. counties are now considered unaffordable, according to real estate analytics firm ATTOM. The company's 2024 U.S. Home Affordability Report found that median home ownership costs had risen in 582 of the 589 counties it examined.