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Today’s housing market is changing so fast, it’s hard to keep up. To help, we’ve kicked off “How’s the Housing Market This Week?” In this new series, we highlight the latest facts and figures to know right now. From the number of listings to home prices to mortgage rates and more, here are the latest updates on where these crucial indicators stand—and are heading—so that homebuyers and sellers can stay ahead of the curve.

Home prices are still soaring

The latest June data from® places the median home price nationwide at a record-setting $450,000. And, for the week ending July 16 (the most recent research available), home prices shot up by 16.6% compared with the same week last year. That’s 31 straight weeks of double-digit price growth, which helps explain the heart palpitations homebuyers have been feeling for the past eight months.