Differences across metro areas
The national figures also mask sharp differences across major metro areas. Among the 50 most populous U.S. metros, San Francisco posted the largest year-over-year increase in median sale price (11.5%), followed by Detroit (9.7%), West Palm Beach, Florida (9%), Pittsburgh (8.7%), and St. Louis (8.5%).
Median sale prices declined in eight metros. The largest drops were in San Jose, California (-6.2%), Seattle (-4.8%), Portland, Oregon (-2.8%), Dallas (-1.8%), and Orlando, Florida (-1.5%).
Pending sales rose the most in West Palm Beach, Florida (21.5%), San Francisco (17.9%), Austin, Texas (15%), Milwaukee (14.8%), and Boston (11.1%). They declined in five metros, led by Houston (-12.7%) and Seattle (-12%).
New listings increased the most in Philadelphia (16.3%), St. Louis (11.2%), Boston (10.8%), Pittsburgh (10.5%), and Montgomery County, Pennsylvania (9.6%). Meanwhile, the largest declines were in Dallas (-12.7%), Riverside, California (-6.8%), Fort Worth, Texas (-6.7%), Jacksonville, Florida (-6.3%), and Atlanta (-5.4%).
