Graph and download economic data for Average Sales Price of Houses Sold for the United States (ASPUS) from Q1 1963 to Q2 2025 about sales, housing, and USA.

Total Housing Inventory in the United States increased to 1550 Thousands in September from 1530 Thousands in August of 2025. This dataset includes a chart with historical data for the United States Total Housing Inventory.

Graph and download economic data for Housing Inventory: Active Listing Count in the United States (ACTLISCOUUS) from Jul 2016 to Sep 2025 about active listing, listing, and USA.

Existing Home Sales in the United States increased to 4060 Thousand in September from 4000 Thousand in August of 2025. This dataset provides the latest reported value for - United States Existing Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The number of U.S. home sales in the United States declined in 2024, after soaring in 2021. A total of four million transactions of existing homes, including single-family, condo, and co-ops, were completed in 2024, down from 6.12 million in 2021. According to the forecast, the housing market is forecast to head for recovery in 2025, despite transaction volumes expected to remain below the long-term average. Why have home sales declined? The housing boom during the coronavirus pandemic has demonstrated that being a homeowner is still an integral part of the American dream. Nevertheless, sentiment declined in the second half of 2022 and Americans across all generations agreed that the time was not right to buy a home. A combination of factors has led to house prices rocketing and making homeownership unaffordable for the average buyer. A survey among owners and renters found that the high home prices and unfavorable economic conditions were the two main barriers to making a home purchase. People who would like to purchase their own home need to save up a deposit, have a good credit score, and a steady and sufficient income to be approved for a mortgage. In 2022, mortgage rates experienced the most aggressive increase in history, making the total cost of homeownership substantially higher. Are U.S. home prices expected to fall? The median sales price of existing homes stood at 413,000 U.S. dollars in 2024 and was forecast to increase slightly until 2026. The development of the S&P/Case Shiller U.S. National Home Price Index shows that home prices experienced seven consecutive months of decline between June 2022 and January 2023, but this trend reversed in the following months. Despite mild fluctuations throughout the year, home prices in many metros are forecast to continue to grow, albeit at a much slower rate.

New Home Sales in the United States increased to 800 Thousand units in August from 664 Thousand units in July of 2025. This dataset provides the latest reported value for - United States New Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Monthly Supply of New Houses in the United States (MSACSR) from Jan 1963 to Aug 2025 about supplies, new, housing, and USA.

This statistic shows the share of single family homes sold off-market in selected markets in the United States in 2016. In that year, only **** percent of single-family homes in Orange County, California were sold off-market, which means that the brokers hadn't shared those properties on an MLS.

The online residential home sale listings industry is experiencing significant changes in its dynamics because of the increased number of homes for sale. The growth in listings is because of various factors, including a climb in the number of homeowners choosing to sell, the easing of the mortgage rate lock-in effect, and economic concerns driving the sale of investment properties. These conditions and the shift from a seller's market towards a more balanced, or even a buyer's market, translate into increased traffic and engagement on home sale platforms. This presents an opportunity for these online platforms to enhance their user experience, refine search tools and offer data analytics to help buyers navigate the increased options. By the end of 2025, industry revenue has climbed at a CAGR of 3.0% and is expected to total $2.2 billion in 2025. In 2025, revenue is expected to strengthen by an estimated 4.2%. Despite enjoying growth, the industry faces challenges with the elevated mortgage rates reducing demand for home purchases, leading to a market freeze. Despite the gain in home listings, actual transaction volumes have remained subdued, creating a challenging environment for the online residential home sale listing platforms. To stay competitive, these platforms are pivoting to offer enhanced tools for price comparisons, real-time mortgage calculators and in-depth educational content to help buyers understand the increased cost of borrowing and also navigate the high inventory but low turnover market. Industry profit has climbed as revenue has outpaced wage growth through the end of 2025. Through the end of 2030, online platforms must position themselves for demographic shifts and changing consumer preferences. Gen Z and younger millennials, who are entering homebuying age, are demanding a more tech-driven, seamless and mobile-first experience. The industry will also continue to see online platforms transform into comprehensive, one-stop digital destinations offering integrated services for every stage of the housing journey. Embracing changes such as artificial intelligence and data analytics to enhance user experience, streamlining listings uploads and offering real-time communication between buyers, sellers, and agents will be crucial for future success. Platforms that offer user-friendly, one-stop experiences and are equipped to provide advanced, feature-rich mobile experiences are set to capture greater market share. Overall, industry revenue will gain at a CAGR of 3.3% through 2030 to total $2.6 billion.

Graph and download economic data for Existing Home Sales (EXHOSLUSM495S) from Sep 2024 to Sep 2025 about headline figure, sales, housing, and USA.

The U.S. housing market continues to evolve, with the median price for existing homes forecast to fall to 408,000 U.S. dollars by 2027. This projection comes after a period of significant growth and recent fluctuations, reflecting the complex interplay of economic factors affecting the real estate sector. The rising costs have not only impacted home prices but also down payments, with the median down payment more than doubling since 2012. Regional variations in housing costs Home prices and down payments vary dramatically across the United States. While the national median down payment stood at approximately 26,700 U.S. dollars in early 2024, homebuyers in states like California, Massachusetts, and Hawaii faced down payments exceeding 74,000 U.S. dollars. This disparity highlights the challenges of homeownership in high-cost markets and underscores the importance of location in determining housing affordability. Market dynamics and future outlook The housing market has shown signs of cooling after years of rapid growth, with a modest price increase of 4.1 percent in 2024. This slowdown can be attributed in part to rising mortgage rates, which have tempered demand. Despite these challenges, most states continued to see year-over-year price growth in 2025, with Rhode Island and West Virginia leading the packby home appreciation. As the market adjusts to new economic realities, potential homebuyers and investors alike will be watching closely for signs of stabilization or renewed growth in the coming years.

The average construction cost of a single-family home in the United States was about 428,000 U.S. dollars in 2024, about 36,000 U.S. dollars more expensive than in 2022. The source also adds that interior finishes – which includes insulation, flooring, and appliances – accounted for the largest share of costs at 24 percent. U.S. housing construction slows Construction work was underway on over 1,000 single-family housing units in the United States in 2024. This number increased year-on-year between 2011 and 2021, followed by a notable decline in the next two years. Despite this trend, the industry experts are optimistic about construction levels picking up until 2026. The median size of a new single-family home has also shrunk. In 2023, the average home had approximately 2,300 square feet of floor space, about 200 square feet less than in 2015. How many homes are sold each year in the United States? Less than five million homes were sold in the United States in 2023, the majority of which were existing home sales. The median sales price of an existing single-family home was 389,000 U.S. dollars in that year, a figure that has risen steadily since 2011. Those in the market for a newly constructed single-family home will have to pay more, with the median sales price at 427,000 U.S. dollars in 2022.

View monthly updates and historical trends for US Existing Home Inventory. from United States. Source: National Association of Realtors. Track economic da…

Graph and download economic data for New Houses Sold by Sales Price in the United States, Total (NHSUSSPTQP) from Q1 2020 to Q2 2025 about new, sales, housing, price, and USA.

Housing developers have navigated pronounced economic swings over the past five years, as borrowing environments and Federal Reserve rate policy have dictated industry growth and contraction. Early pandemic-era interest rate cuts and remote work fueled a boom in home building, especially in suburban and affordable regions, but subsequent rate hikes sharply reversed momentum. Developers enjoyed robust sales from projects initiated during the low-rate period, even as new housing starts declined under pressure from rising mortgage costs and weakening consumer demand. The struggle has been particularly acute for small and medium-sized housing developers, which continue to close their doors or merge as cost pressures mount and competition from large developers intensifies. Persistent labor shortages and escalating input costs, driven partly by tariffs, have prevented profit growth, boosting the market share and pricing power of prominent developers able to pass costs to buyers or access strategic partners. Overall, industry revenue has been increasing at a CAGR of 5.2% over the past five years to total an estimated $324.2 billion in 2025, including an estimated decrease of 0.7% in 2025. Single-family construction marked a bright spot in 2024, with leading developers like DR Horton capitalizing on demand for space and affordability. However, the pipeline for single-family projects has been hindered by high rates and tariff uncertainty that persisted throughout most of 2025. Multifamily development endured deeper contractions, particularly in 2023 and 2024, with vacancy rates and losses intensifying among even the largest developers before rebounding in 2025 as starts and demand recovered. Continued rate cuts by the Federal Reserve will set the stage for housing developers to regain growth momentum. Developers are poised to benefit from pent-up demand, housing shortages and renewed construction activity, particularly in the single-family segment, where affordability remains critical. However, rising material and labor costs will continue to pose operational challenges, leading developers to seek efficiencies or pass costs downstream. The expiration of federal green building credits in 2026 will prompt a rush to complete qualifying projects, but may curb longer-term investment in sustainable construction unless new incentives emerge. Expansions near newly announced manufacturing hubs are expanding, with developers acquiring land and prepping communities to meet workforce housing needs as the national focus on domestic manufacturing spurs regional population inflows and rising housing demand. Overall, industry revenue is forecast to climb at a CAGR of 1.8% to total an estimated $354.7 billion through the end of 2030.

The average price per square foot of floor space in new single-family housing in the United States decreased after the great financial crisis, followed by several years of stagnation. Since 2012, the price has continuously risen, hitting 168.86 U.S. dollars per square foot in 2024. In 2024, the average sales price of a new home exceeded 500,000 U.S. dollars. Development of house sales in the U.S. One of the reasons for rising property prices is the gradual growth of house sales between 2011 and 2020. This period was marked by the gradual recovery following the subprime mortgage crisis and a growing housing sentiment. Another significant factor for the housing demand was the growing number of new household formations each year. Despite this trend, housing transactions plummeted in 2021, amid soaring prices and borrowing costs. In 2021, the average construction cost for single-family housing rose by nearly 12 percent year-on-year, and in 2022, the increase was even higher, at close to 17 percent. Financing a house purchase Mortgage interest rates in the U.S. rose dramatically in 2022 and remained elevated until 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under three percent, whereas in 2024, the average rate for the same mortgage type was more than twice higher. That has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market.

The US residential real estate market, a significant component of the global market, is characterized by a moderate but steady growth trajectory. With a projected Compound Annual Growth Rate (CAGR) of 2.04% from 2025 to 2033, the market demonstrates resilience despite fluctuating economic conditions. The 2025 market size, while not explicitly provided, can be reasonably estimated based on available data and considering recent market trends. Assuming a continuation of the observed growth pattern in preceding years, a substantial market value in the trillions is plausible. Key drivers include sustained population growth, particularly in urban areas, increasing household formations among millennials and Gen Z, and ongoing demand for both rental properties (apartments and condominiums) and owner-occupied homes (landed houses and villas). However, challenges persist, including rising interest rates which impact affordability, supply chain constraints affecting new construction, and the potential for macroeconomic shifts to influence buyer confidence. Segmentation analysis highlights the varying performance across property types, with apartments and condominiums potentially experiencing higher demand in urban centers while landed houses and villas appeal to a different demographic profile and geographic distribution. The competitive landscape includes a mix of large publicly traded real estate investment trusts (REITs) like AvalonBay Communities and Equity Residential, regional developers like Mill Creek Residential, and established brokerage firms such as RE/MAX and Keller Williams Realty Inc., all vying for market share within distinct segments. The geographical distribution of the market shows significant concentration within North America, particularly in the US, reflecting established infrastructure, economic stability, and favorable regulatory environments. While other regions like Europe and Asia-Pacific contribute to the global market, the US continues to be a dominant force. The forecast period (2025-2033) suggests continued expansion, albeit at a moderate pace, indicating a relatively stable and mature market that remains attractive for investment and development. Future growth hinges upon addressing affordability concerns, navigating fluctuating interest rates, and managing supply-demand dynamics to ensure sustainable market expansion. Government policies influencing housing affordability and construction regulations will play a crucial role in shaping the future trajectory of the US residential real estate sector. Recent developments include: May 2022: Resource REIT Inc. completed the sale of all of its outstanding shares of common stock to Blackstone Real Estate Income Trust Inc. for USD 14.75 per share in an all-cash deal valued at USD 3.7 billion, including the assumption of the REIT's debt., February 2022: The largest owner of commercial real estate in the world and private equity company Blackstone is growing its portfolio of residential rentals and commercial properties in the United States. The company revealed that it would shell out about USD 6 billion to buy Preferred Apartment Communities, an Atlanta-based real estate investment trust that owns 44 multifamily communities and roughly 12,000 homes in the Southeast, mostly in Atlanta, Nashville, Charlotte, North Carolina, and the Florida cities of Jacksonville, Orlando, and Tampa.. Notable trends are: Existing Home Sales Witnessing Strong Growth.

Housing Starts in the United States decreased to 1307 Thousand units in August from 1429 Thousand units in July of 2025. This dataset provides the latest reported value for - United States Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for New Houses Sold by Sales Price in the United States, Between $750,000 and Over (DISCONTINUED) (NHSUSSP75OP) from Jan 2002 to Mar 2024 about new, sales, housing, price, and USA.