Redfin: Monthly home price gains continue to ease

US home prices rose 0.25% month-over-month in August, slightly down from previous months, with a 3.7% annual increase—the fastest in a year. August marked the strongest buyer's market on record due to high costs and economic uncertainty, keeping demand low despite rising inventory. Luxury markets in Florida and San Francisco support prices. Some metros saw gains, while others like Austin and Charlotte experienced declines amid more sellers than buyers.