finance
U.S. Median Home Sales Price Rises to $424,900 in May as Average Climbs Faster
@KobeissiLetter reported the U.S. median home sales price reached $424,900 in May after a one-month gain of $8,400. The two-month increase of $31,800 was the largest in four years.
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The U.S. median home sales price rose $8,400 in May to $424,900, @KobeissiLetter reported. The figure marked the second-highest level since January 2025. Over the two months ending in May the median price increased $31,800, the largest such gain in four years.
The average home sales price climbed $39,200 in the same month to $540,600, the second-highest level on record. The gap between the median and average prices widened to $115,700, or 27 percent. In May 2022 the gap stood at $79,500, or 19 percent.
A growing share of home sales is concentrated among the most expensive properties, lifting the average price faster than the median, the report stated.
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