The median sales price of a home in the United States hit $400,894 for the four weeks ending June 7, a record high and up 1.5 percent from a year back, real estate brokerage Redfin said in a June 11 statement.
The jump in sales price is happening even though there are currently more sellers than buyers in the market, with prices being supported by tight supplies, the company said. Chen Zhao, head of Redfin’s economics research, said that prices crossing the $400,000 threshold is an indication of how difficult it is for many Americans to become homeowners.
