The real estate market is hitting a record high in home sale prices, while buyers continue to pull back.

The median U.S. home-sale price hit a record $400,894 during the four weeks ending June 7,  the first time the typical American existing home has sold for more than $400,000, according to a Redfin analysis.

The milestone comes as buyer demand continues to retreat. Pending home sales fell 0.6 percent from a week earlier, the fourth straight week of declines, as high housing costs and economic uncertainty push would-be buyers to the sidelines.

Chen Zhao

Prices are rising despite slowing demand because new supply remains constrained. Would-be sellers are holding back as buyer activity cools, keeping inventory tight enough to sustain price growth. The total number of homes for sale was flat week over week, while new listings rose just 0.4 percent.

Monthly payments reflect the pressure. The typical monthly payment reached $2,619 — just $8 below an 11-month high set in late May — as mortgage rates held in the mid-6 percent range.

“Crossing the $400,000 threshold is a reminder of how difficult it is to break into homeownership for many Americans,” said Chen Zhao, Redfin’s head of economics research. “Price growth has lost some steam over the last month … and the high costs of purchasing a home are keeping many buyers out of the market, which has led to a historic buyer’s market in most of the country.”

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A new luxury condominium development in South Florida is bringing zen to busy lifestyles—with the House of Wellness-branded condos officially launching sales in Miami.

The new wellness-integrated residential brand is designed to make wellness-driven, high-design urban living more accessible. The complex, at 152 SW 9th St. in the Brickell district, “aligns wellness, hospitality-inspired services, and efficient design built for today’s urban living demands,” according to the developers.

Architecture is led by MC+G Studio, with interior design by Urban Robot. 

Developers say what truly sets House of Wellness apart is its “Integrated Wellness Method,” a structured, ongoing wellness program built directly into daily life—connecting personalized health assessments, curated services, and community programming into a seamless living experience.

“House of Wellness reflects how people want to live and invest today,” Ricardo Dunin, founding partner of North Development, said in a statement provided to Realtor.com®. “Efficient, design-led residential concepts resonate strongly with the market. We believe that wellness-focused buildings have been solely affordable by wealthy buyers for too long. It is time to make wellness accessible to everyone.”

Facts and figures

Sales director Lorena Millan announced on social media that studio units at House of Wellness span 337 to 381 square feet, with prices beginning at $397,900. One-bedroom residences range from 430 to 505 square feet and start at $581,900. Two-bedroom units measure 620 to 687 square feet, with starting prices of $790,000.

Units will have lofty 9’4″ ceilings and premium appliances including cooktop, fridge, dishwasher, and speed oven.

Assigned parking spaces will be $95,000, while nonassigned parking spaces will run $75,000. Valet parking will also be available on site for a separate fee.

HOA fees are expected to be $1.60 per square foot monthly.

The project will also be Fannie Mae approved for local buyers.

The building is slated to have over 22,000 square feet of dedicated wellness, fitness, and lifestyle programming, anchored by a rooftop deck on the 35th floor with a rooftop club room and panoramic city and bay views.

The project is scheduled to break ground in the second quarter of 2027, and delivery is scheduled for the fourth quarter of 2029.

Inside the ‘Integrated Wellness Method’

According to the developer, the brand’s “Integrated Wellness Method” begins with a full-body assessment and personalized baseline for each resident, followed by ongoing evaluations to track progress over time.

Wellness is supported through access to on-site nutritional and fitness experts and guided programming, all overseen by a dedicated lifestyle director who curates wellness, social, and educational experiences.

The building’s wellness and lifestyle amenities include a full-service spa, including a hammam, sauna, steam room, cold plunge, indoor and outdoor fitness facilities, and treatment rooms.

The property will also feature co-working spaces, social area, juice bar and pantry, podcast room, hair salon, ground-floor urban lounge, and pet-friendly amenities including a dog spa and dog park.

“Our work has always been about building systems, not just buildings,” Juan Carlos Tassara, founding partner of North Development, said in a statement provided to Realtor.com. “With House of Wellness, we’re applying lessons from 70 delivered projects to create a residential concept that aligns wellness, hospitality, and long-term investment performance.”

Wellness amenities are in demand

Wellness amenities are a hot commodity right now, according to real estate experts.

Luxury real estate broker Jenny Lenz, managing director of Dolly Lenz Real Estate in Manhattan, tells Realtor.com, “we were early pioneers in wellness-inspired real estate, launching one of New York’s first luxury developments, Delos Living, developed by two Goldman Sachs partners, centered on health and biohacking back in the early 2010s.”

Since then, Lenz says the wellness concept has evolved dramatically, “with new technologies, practices, and amenities emerging to meet the growing demand from buyers who want wellness integrated into every aspect of their homes.”

According to Lenz, today’s luxury buyer places enormous emphasis on personal wellness and optimizing their living environment, which is why more developers are leaning into the trend.

“Saunas and cold plunges within the building are also fast becoming must-haves for fitness-minded clients,” she explains. “Even if they do not always guarantee a higher price, they create buzz. In a crowded market, anything that draws attention and brings buyers through the door is an advantage.”

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