Home prices rise in August as buyers grow more selective

The national median home price rose 2.1% to $395,000 despite a 4.3% drop in sales and a 5.4% increase in inventory. Buyers remain active but more selective, supporting prices amid expanding supply. Among major markets, 28 saw price gains, with affordability driving activity in some cities, while others faced declines due to higher inventory. Single-family home prices rose 1.3%, condos 1.9%, and townhomes held steady, though sales fell across all types.