Redfin Reports U.S. Home Prices Rose 0.25% From a Month Earlier in August
Redfin’s August home price index shows slowing monthly gains but the fastest annual increase in a year amid a strong buyer’s market.
Rhea-AI Summary
Redfin (RKT) reports that U.S. home prices rose 0.25% month over month in August on a seasonally adjusted basis, slightly below July’s 0.26% and June’s 0.27%, based on the Redfin Home Price Index covering the three months ending August 31, 2026.
Prices were up 3.7% year over year, the fastest annual growth in a year, even as August registered the strongest buyer’s market on record with elevated costs and economic uncertainty curbing demand. Month over month, prices rose most in St. Louis (1.1%) and Pittsburgh (1%), and fell most in Austin and Charlotte (both -0.7%). On a yearly basis, San Francisco led gains with a 12% increase, while Dallas saw the largest decline at -1.4%.
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Key Figures
- Monthly home-price growth
- 0.25%
- August, seasonally adjusted, month over month
- Annual home-price growth
- 3.7%
- August, year over year
- Fastest metro increase
- 1.1%
- St. Louis, month over month in August
- Largest metro decline
- -0.7%
- Austin and Charlotte, month over month in August
Historical Context
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Seller concessions reached a record August share as buyer markets strengthened.
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Pending home sales fell as mortgage rates rose and inventory increased.
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August seller-buyer imbalance reached a record, with Sun Belt markets leading.
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Higher mortgage costs constrained demand while listings and price drops increased.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
seasonally adjusted technical
repeat-sales pricing method technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Nationwide, home prices grew
0.25% in August, down marginally from0.26% in July and0.27% in June St. Louis andPittsburgh had the fastest month-over-month price growth in August- Prices declined most in
Austin andCharlotte , both of which have significantly more sellers than buyers in the market
This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in single-family home prices. The RHPI measures how sale prices of homes have changed since their previous sale. August data covers the three months ending August 31, 2026.
Price growth slowed slightly because buyers continue to gain bargaining power. August was the strongest buyer's market on record, while elevated housing costs and economic uncertainty are keeping a lid on demand, even as the number of homes for sale increases.
Still, the impact is marginal, and home prices continue to rise. This is partly because many homeowners have substantial equity and little incentive to accept a steep discount. The luxury housing market, particularly affluent buyers in
"Slowing price growth is good news for buyers because it means waiting for the right home is less likely to come with a rapidly rising price tag," said Chen Zhao, Redfin's head of economics. "Buyers can afford to be choosy and negotiate. Sellers should recognize that pricing too high in today's market could mean their home sits on the market—and they may eventually have to cut the price. Pricing realistically from the start is a good way to attract attention."
Home Prices Are Rising Most in
Home prices rose in about half of the 50 most populous
The biggest increase was in
The biggest price declines were in
On a year-over-year basis, prices rose most in
Prices declined year over year in five major metros, four in
To read the full report, including charts and additional metro-level data, please visit: https://www.redfin.com/news/home-price-index-august-2026
About Redfin
Redfin is a technology-driven real estate company with the country's most-visited real estate brokerage website. As part of Rocket Companies (NYSE: RKT), Redfin is creating an integrated homeownership platform from search to close to make the dream of homeownership more affordable and accessible for everyone. Redfin's clients can see homes first with on-demand tours, easily apply for a home loan with Rocket Mortgage, and save thousands in fees while working with a top local agent.
You can find more information about Redfin and get the latest housing market data and research at https://www.redfin.com/news. For more information about Rocket Companies, visit https://www.rocketcompanies.com.
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SOURCE Redfin
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is the Redfin Home Price Index (RHPI) and what period does August data cover?
The Redfin Home Price Index (RHPI) uses a repeat-sales method to track seasonally adjusted price changes for single-family homes by comparing each home’s sale price to its previous sale. August figures cover the three months ending August 31, 2026.
Which U.S. metros saw the largest month-over-month home price increases in August 2026?
The biggest month-over-month increases were in St. Louis (1.1%), Pittsburgh (1%), San Antonio (0.9%), San Jose (0.9%) and Baltimore (0.9%), all on a seasonally adjusted basis.
Where did home prices fall the most month over month in August 2026?
The largest monthly declines were in Austin and Charlotte (both -0.7%), followed by Milwaukee and Warren, MI (both -0.6%) and Fort Lauderdale (-0.5%), on a seasonally adjusted basis.
Which metros had the strongest year-over-year home price gains in August 2026?
On a year-over-year basis, prices rose most in San Francisco (12%), followed by West Palm Beach (10.4%), Chicago (9.2%), Nassau County, NY (8.1%) and Miami (8%).
Which major metros saw year-over-year home price declines in August 2026?
Five major metros recorded annual price declines: Dallas (-1.4%), Austin (-1%), Fort Worth (-0.7%), San Antonio (-0.4%) and Seattle (-0.1%).
How does the balance of buyers and sellers affect price trends in Texas and other metros?
Several Texas metros are among the strongest buyer’s markets, with over twice as many sellers as buyers, contributing to price declines. Seattle is also a buyer’s market, where sellers may need to cut prices to attract buyers. In contrast, San Francisco and Nassau County are identified as seller’s markets with bidding wars that help push prices higher.
Where can readers access the full Redfin August 2026 home price report and data?
The full report, including charts and additional metro-level data, is available at https://www.redfin.com/news/home-price-index-august-2026.