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Published: Aug 14, 2023 3 min read
Photo-illustration of a house-shaped trophy on a stack of cash
Money; Getty Images; Shutterstock

Although high mortgage rates continue to keep homebuyer demand low, U.S. home values are at an all-time high.

A housing market report released Friday by real estate brokerage Redfin shows that the total worth of U.S. homes climbed to nearly $47 trillion in June. The typical home is now valued at nearly $350,000, according to another recent analysis from listing site Zillow.

Market activity is down overall, but even more so on the seller side: Both reports point to lack of supply propping up home values amid a downswing in buyer demand.