The median U.S. home-sale price reached a new record of $396,500 during the four weeks ending June 15, according to a report from real estate brokerage Redfin. This is a 1 percent increase compared to the same time last year, even though overall activity in the housing market remains low.

Home sale prices are at a record high, but buyers are nevertheless paying below sellers' asking prices, research shows.

In the first quarter of 2025, the average sales price of a home in the U.S. was $503,800. For some cities, this is quite low, as they have hit record highs.

Home prices have hit a record high nationally. But there are signs sellers are willing to negotiate as the housing market cools in some areas of the country. Redfin found the median U.S. home-sale price hit a record $395,