As median U.S. home prices rose to their highest level on record in June, more than one-fifth of properties that sold last month closed above asking price, the largest share in more than a year on a seasonally adjusted basis, according to Redfin.
The roughly 22.2% of homes that sold over list price exceeded the 21.9% share recorded a year ago, but remained measurably below the 24% rate posted in January 2025, which occurred during a typically slow season for home sales.
Overall, the online-only brokerage and listings platform estimates the annual pace of 4.4 million existing-home sales in June was roughly 4.2% higher than a year ago, above the estimate of 4.09 million published by the National Association of Realtors (NAR).
While NAR data s...