Home list prices have dropped 7.3% in the West since 2022 but climbed 12.6% in the Northeast, according to Realtor.com data—even as the national median sales price hit an all-time high of $440,600 in June.

Sales of previously occupied U.S. homes slowed in June, but a key measure of home prices climbed to an all-time high, adding to prospective homebuyers’ affordability challenges

US existing-home sales fell 2.4% in June to 4.09 million units, the lowest pace since September 2024, as 6.5% mortgage rates and record $440,600 median