CoStar Group Inc.'s Homes.com recently released a report analyzing home price trends for June, revealing a modest national median home price increase of 1.3% compared to the previous year. This subdued growth is attributed to higher inventory levels and ongoing affordability challenges, which have dampened price appreciation. The median home price rose by approximately $5,000 to $395,000 from last June. While townhomes and condos saw price declines, the Midwest and parts of the Northeast experienced the highest appreciation rates. Conversely, several major Sun Belt metros faced year-over-year price declines due to elevated inventory and reduced demand. The report highlights that buyers now have more negotiating power, though demand remains tepid due to persistently high prices and elevated mortgage rates. The data may undergo slight revisions as more home sales are accounted for. For further insights, Erika Ludvigsen, Homes.com's National Director of Residential Analytics, is available for interviews. Additional market trends can be explored on Homes.com.