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U.S. Home Prices Hit An All-Time High

U.S.: The median home sales price nationwide increased to a new high across the country. The National Association of Realtors says that the median home sales price in June rose 1.8% from June 2025 to an all-time high of $440,600. Though small, the spike meant 36 months of consecutive home price increases. In DFW, the median home sales price is just under $409,000. Meanwhile, the NAR also reported that existing home sales across the country dropped 2.4% last month, compared to May. Buyers have remained on the sidelines due to numerous factors, including fears of inflation, high mortgage rates, the war in the Middle East, and rising prices of gasoline, food and other consumer products and services. 

U.S.: There was one sector of the real estate market that continued to eclipse others in the first part of the year. Redfin reports that the median luxury home sale price increased 4.7% in the three months that ended in May, compared to the same period in 2025. And pending sales of those luxury homes jumped 5.2% over the same time frame and surpassed the 3.6% increase of non-luxury homes. Affluent homebuyers remain less impacted by economic pressures because of diversified investments that many times include multiple real estate properties or portfolios that allow them to pay cash. The biggest increase in luxury home prices was in Tampa, which saw a nearly 16% hike compared to last year. Not far behind was Miami, at 14.2%.

DFW: Another Uptown office tower is ready to take shape. Stonelake Capital Partners of Dallas plans to build a 17-story high-rise on McKinney Avenue near the State Thomas Historic District. The speculative project will feature about 175,000 square feet of office space, plus ground retail. The building’s 17th floor will accommodate an amenity center to include a lounge, and event space, along with a terrace that will provide ample views of downtown Dallas. The new tower is one of several in the Uptown area that are planned or under construction. Stonelake is behind numerous commercial projects throughout the state, most notably in Austin and Houston. 

DFW: And one of the tallest buildings in Dallas is up for sale. The 45-story Ross Tower, located in the Dallas Arts District, has hit the market. The glass-and-granite skyscraper was built in the 1980s and was originally known as Lincoln Plaza. It was purchased about 10 years ago by a partnership that has made more than $14 million in capital improvements. It has more than 1 million square feet of space and is 60% leased. The property is being marketed by Cushman & Wakefield and is valued at more than $99 million on the tax rolls. In the past, several aging downtown Dallas office towers have been converted to multi-use buildings that include office, retail and residential spaces.

U.S.: They may not be “fire” sales, but a few celebrities are having to cut the asking prices on their homes or have taken them off the market altogether. Actor Michael B. Jordan paid $12.5 million for an 11,000-square-foot farmhouse-style mansion in Encino in 2022. The Oscar winner’s asking price started at $12.99 million in 2023 for the eight-bedroom, 14-bath home but is now at $10.2 million. Meanwhile, actress Aubrey Plaza’s four-bedroom, five-bath Los Feliz property is now down to $4.85 million from the original $6.5 million asking price. And after repeated cuts that failed to attract a buyer, Alec Baldwin and his wife Hilaria have taken their Hamptons estate off the market. Baldwin bought the five-bedroom home in Amagansett, New York, in 1996 for $1.7 million. The asking price was as high as $29 million in 2022, but has been lowered repeatedly, and went down to $18.9 million in June before being delisted earlier this month.

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