Redfin: April's home-price growth proves the market is heating up
In April, the nation’s home-sale prices stabilized, rising 2.8% from 2018 levels, according to new data from Redfin. This means U.S. home-sale prices reached a median of $307,000 in April, marking a rebound from March’s annual price decline. Additionally, Redfin’s data determined that only five of the 85 largest metros saw a year-over-year decline in their median price. This was especially so for San Jose, California, which saw its home prices fall 5% in April. However, other California cities like San Francisco experienced declines as little as 0.1%.