Graph and download economic data for Housing Inventory: Median Days on Market in the United States (MEDDAYONMARUS) from Jul 2016 to Aug 2025 about median and USA.

Graph and download economic data for Housing Inventory: Median Days on Market in Florida (MEDDAYONMARFL) from Jul 2016 to Aug 2025 about FL, median, and USA.

Homes in San Jose, Hartford, and Washington, DC were the hottest housing markets in the United States in April 2024, when considering the time needed to sell a house. In San Jose, listings took on average ** days to go to pending. Nationwide, the average number of days on market was ** days.

Existing single family homes in California have been selling faster than ever in the past year. As of March 2022, the median time between a new listing and a purchase in the major counties in California was below ** days, whereas in August 2019, it was between ** and ** days. The robust demand for properties in California has led to substantial house price growth in almost all counties in California in the past year.

Graph and download economic data for Housing Inventory: Median Days on Market in California (MEDDAYONMARCA) from Jul 2016 to Aug 2025 about CA, median, and USA.

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.

The average sales price of new homes in the United States experienced a slight decrease in 2024, dropping to 512,2000 U.S. dollars from the peak of 521,500 U.S. dollars in 2022. This decline came after years of substantial price increases, with the average price surpassing 400,000 U.S. dollars for the first time in 2021. The recent cooling in the housing market reflects broader economic trends and changing consumer sentiment towards homeownership. Factors influencing home prices and affordability The rapid rise in home prices over the past few years has been driven by several factors, including historically low mortgage rates and increased demand during the COVID-19 pandemic. However, the market has since slowed down, with the number of home sales declining by over two million between 2021 and 2023. This decline can be attributed to rising mortgage rates and decreased affordability. The Housing Affordability Index hit a record low of 98.1 in 2023, indicating that the median-income family could no longer afford a median-priced home. Future outlook for the housing market Despite the recent cooling, experts forecast a potential recovery in the coming years. The Freddie Mac House Price Index showed a growth of 6.5 percent in 2023, which is still above the long-term average of 4.4 percent since 1990. However, homebuyer sentiment remains low across all age groups, with people aged 45 to 64 expressing the most pessimistic outlook. The median sales price of existing homes is expected to increase slightly until 2025, suggesting that affordability challenges may persist in the near future.

Existing Home Sales in the United States increased to 4010 Thousand in July from 3930 Thousand in June 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.

Graph and download economic data for Housing Inventory: Median Days on Market Year-Over-Year in Texas (MEDDAYONMARYYTX) from Jul 2017 to Aug 2025 about TX, median, and USA.

The median number of days that homes listed for sale sit on the public market in a given area. This time period is from the date it is listed for sale till the day the contract of sale is signed. Private (non-listed) home sale transactions are not included in this indicator. The median days on market is used as opposed to the average so that both extremely high and extremely low days on the market do not distort the length of time for which homes are listed on the market. Source: RBIntel Years Available: 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023

View monthly updates and historical trends for US Existing Home Median Sales Price. from United States. Source: National Association of Realtors. Track ec…

Graph and download economic data for Housing Inventory: Median Days on Market in New Jersey (MEDDAYONMARNJ) from Jul 2016 to Aug 2025 about NJ, median, and USA.

After a period of strong demand for luxury housing, the market in North America started to cool, resulting in a longer period required for a home sale. In July 2024, single-family and attached homes spent ** days on the market, higher than in July 2022, when it took ** and ** days, respectively, to sell a property.

The number of home sales in the United States peaked in 2021 at almost ************* after steadily rising since 2018. Nevertheless, the market contracted in the following year, with transaction volumes falling to ***********. Home sales remained muted in 2024, with a mild increase expected in 2025 and 2026. A major factor driving this trend is the unprecedented increase in mortgage interest rates due to high inflation. How have U.S. home prices developed over time? The average sales price of new homes has also been rising since 2011. Buyer confidence seems to have recovered after the property crash, which has increased demand for homes and also the prices sellers are demanding for homes. At the same time, the affordability of U.S. homes has decreased. Both the number of existing and newly built homes sold has declined since the housing market boom during the coronavirus pandemic. Challenges in housing supply The number of housing units in the U.S. rose steadily between 1975 and 2005 but has remained fairly stable since then. Construction increased notably in the 1990s and early 2000s, with the number of construction starts steadily rising, before plummeting amid the infamous housing market crash. Housing starts slowly started to pick up in 2011, mirroring the economic recovery. In 2022, the supply of newly built homes plummeted again, as supply chain challenges following the COVID-19 pandemic and tariffs on essential construction materials such as steel and lumber led to prices soaring.

Current housing market statistics for Sun Prairie, WI including median sale price ($455,000), average sale price ($464,151), inventory (1.98 months), median days on market (11), and active listings (102).

Following the coronavirus (COVID-19) pandemic lockdown, the time to sell a property increased to the record ** days in May 2020. Nevertheless, it quickly fell after the measures were eased and property buyer demand increased. Since the beginning of 2021, the average number of days on market has continued falling in October 2022, it took on average ** days to sell a property.

Current housing market statistics for Madison, WI including median sale price ($410,000), inventory (1.59 months), days on market (8), homes sold (219), and active listings (340) for September 2025.

The U.S. housing market has slowed, after ** consecutive years of rising home prices. In 2021, house prices surged by an unprecedented ** percent, marking the highest increase on record. However, the market has since cooled, with the Freddie Mac House Price Index showing more modest growth between 2022 and 2024. In 2024, home prices increased by *** percent. That was lower than the long-term average of *** percent since 1990. Impact of mortgage rates on homebuying The recent cooling in the housing market can be partly attributed to rising mortgage rates. After reaching a record low of **** percent in 2021, the average annual rate on a 30-year fixed-rate mortgage more than doubled in 2023. This significant increase has made homeownership less affordable for many potential buyers, contributing to a substantial decline in home sales. Despite these challenges, forecasts suggest a potential recovery in the coming years. How much does it cost to buy a house in the U.S.? In 2023, the median sales price of an existing single-family home reached a record high of over ******* U.S. dollars. Newly built homes were even pricier, despite a slight decline in the median sales price in 2023. Naturally, home prices continue to vary significantly across the country, with West Virginia being the most affordable state for homebuyers.

United States Avg Days on Market: sa: All Residential: Mountain Home, ID data was reported at 28.000 Day in Jul 2020. This records an increase from the previous number of 16.000 Day for Jun 2020. United States Avg Days on Market: sa: All Residential: Mountain Home, ID data is updated monthly, averaging 157.500 Day from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 671.000 Day in Apr 2015 and a record low of 8.000 Day in Jun 2019. United States Avg Days on Market: sa: All Residential: Mountain Home, ID data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB007: Average Days on Market: by Metropolitan Areas: Seasonally Adjusted.

Graph and download economic data for Housing Inventory: Median Days on Market in Phoenix-Mesa-Scottsdale, AZ (CBSA) (MEDDAYONMAR38060) from Jul 2016 to Aug 2025 about Phoenix, AZ, median, and USA.