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Median home-sale price rose 16% annual in August
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Median home sale prices nationwide increased 16% in August compared to a year ago, notching $380,271, according to Redfin.
According to the real estate brokerage's latest report, August marks the 13th consecutive month of double-digit price gains.
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Compared to a year ago, median sales prices increased in each of the 85 largest metro areas tracked by Redfin except for Milwaukee, Wisconsin and Bridgeport, Connecticut, where prices dropped 1.6% and 1.1%, respectively.
Milwaukee and Bridgeport already saw "significant price gains a year ago," with prices increasing 14% and 30% respectively, according to Redfin.