---
title: "Record Home Prices, High Mortgage Rates Push Pending Sales Down for Fourth Straight Week"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289466166.md"
description: "US pending home sales fell for the fourth consecutive week, driven by record median home prices of $400,894 and high mortgage rates. Redfin's report highlights that existing home averages exceeded $400,000 for the first time, while typical monthly payments peaked at $2,619."
datetime: "2026-06-11T12:12:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289466166.md)
  - [en](https://longbridge.com/en/news/289466166.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289466166.md)
generator: "portal-rs"
---

# Record Home Prices, High Mortgage Rates Push Pending Sales Down for Fourth Straight Week

In the recent four-week period ending on June 7, the median home-sale price in the United States reached a record high of $400,894, reflecting a 1.5% increase from the previous year. This information was published in a report by Redfin, a real estate brokerage that operates with Rocket technology. It is highlighted as the first time that the average price for an existing home in America has exceeded $400,000, as per an analysis of Multiple Listing Service (MLS) data conducted by Redfin. Additionally, monthly payments have also peaked, with the typical payment amounting to $2,619 - a mere $8 below the 11-month high noted in late May.

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## Related News & Research

- [The 10 housing markets where the most sellers have listed their homes for less than what they paid](https://longbridge.com/en/news/295710455.md)
- [New US single-family home sales slide in July](https://longbridge.com/en/news/296935891.md)
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- [US existing home sales post second straight monthly decline in July](https://longbridge.com/en/news/295548429.md)
- [The 30-Year Fixed-Rate Mortgage Averages 6.46% | FMCC Stock News](https://longbridge.com/en/news/281552179.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**