U.S. Home Prices Hit Record High In May
The median home price across the U.S. was $419,300 in May, up from $396,500 in May 2023, the report said, and all four regions in the country experienced the price hikes. Existing home sales dropped by 2.8% compared to May 2023, down 0.7% from Aprilâwith sales slumping the most in the South at a 5.1% decline, according to the report.