Real Estate Market Still Humming, Median Price In August Up 16% From Year Ago

August marks the 13th consecutive month of double-digit price gain


Median home sale prices nationwide increased 16% in August compared to a year ago, notching $380,271, according to Redfin.

Compared to a year ago, median sales prices increased in each of the 85 largest metro areas tracked by Redfin except for Milwaukee, Wisconsin and Bridgeport, Connecticut, where prices dropped 1.6% and 1.1%, respectively.

Milwaukee and Bridgeport already saw “significant price gains a year ago,” with prices increasing 14% and 30% respectively, according to Redfin.

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