According to Redfin’s Home Price Index, U.S. home prices increased 0.25% month over month in August 2026 on a seasonally adjusted basis. This shows signs of an easing market, as this is slightly down from 0.26% in July and 0.27% in June. An easing price growth could potentially bring more buyers out from the sidelines.
The biggest increase in U.S. home prices was in St. Louis, where home prices rose 1.1% month over month on a seasonally adjusted basis, followed by Pittsburgh at 1%, San Antonio at 0.9%, San Jose, Calif., at 0.9% and Baltimore at 0.9%. St. Louis’ relatively affordable prices are attracting buyers and propping up prices, while San Francisco’s booming market is likely spilling over into San Jose.
Prices declined year over year in five major metros, four in Texas plus Seattle; Dallas had the biggest drop, followed by Austin, Fort Worth, San Antonio and Seattle. Prices ticked down since Texas has one of the largest buyers’ markets and sellers are likely easing prices as incentives.
