US houses have hit an all-time high in pricing.
Median prices for all existing house types as of June 2026 hit US$440,600. This marked a 1.8 percent increase from last year’s US$432,700.
This June 2026 number represented an “all-time high” price in the words of Lawrence Yun, who is chief economist at the US-based National Association of Realtors (NAR).
NAR’s research shows that this number also represented the 36th consecutive month of year-over-year price increases.
Individual states in the US are also reporting record highs in housing prices.
Florida’s median sale price rose to US$432,000 in June (a new record high). Rhode Island’s was at US$550,000 that month (another record high). For New York State, it was US$475,000 (the state’s highest ever recorded median price).
It’s all the same story across the country: Record high prices in housing.
We don’t know yet if these housing prices have reached their peak yet. For all we know, housing prices may continue to beat all-time records in the months to come.
It would be wise to remember that what we’re seeing right now is an echo of a very specific set of years. We’re talking about 2007, 1989 and 1973. These are years in which housing prices reached their peaks.
What do each of these past years have in common? They were the peaks of their real estate cycles in the US before the big busts followed.
With housing prices realistically going nowhere but up, with war everywhere having rippling geopolitical and socioeconomic effects, with prices on everything constantly skyrocketing, and with affordability issues making it increasingly harder for average families to even own their first homes, it seems the pieces are coming into place for what could be a crash worse than the one that shook the world in 2008.
