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

Graph and download economic data for Housing Inventory: Median Days on Market Month-Over-Month in Ohio (MEDDAYONMARMMOH) from Jul 2017 to Feb 2025 about OH, median, and USA.

Key information about House Prices Growth

• US house prices grew 5.2% YoY in Sep 2024, following an increase of 6.2% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1992 to Sep 2024, with an average growth rate of 5.5%.
• House price data reached an all-time high of 17.7% in Sep 2021 and a record low of -12.4% in Dec 2008.

House Price Index YoY in the United States remained unchanged at 4.80 percent in January. This dataset includes a chart with historical data for the United States FHFA House Price Index YoY.

Graph and download economic data for Housing Inventory: Median Days on Market Month-Over-Month in Miami-Fort Lauderdale-West Palm Beach, FL (CBSA) (MEDDAYONMARMM33100) from Jul 2017 to Feb 2025 about Miami, FL, 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 22 days on the market, higher than in July 2022, when it took 12 and 13 days, respectively, to sell a property.

The U.S. housing market has seen significant price growth since 2011, with the median sales price of existing single-family homes reaching a record high of 408,000 U.S. dollars in 2024. This represents a substantial increase of 133,000 over the past five years, highlighting the rapid appreciation of home values across the country. The trend of rising prices can also be observed in the new homes sold. Regional variations and housing shortage While the national median price provides a broad overview, regional differences in home prices are notable. The West remains the most expensive region, with prices twice higher than in the more affordable Midwest. This disparity persists despite efforts to increase housing supply. In 2024, approximately 982,000 building permits for single-family housing units were granted, showing a slight increase from previous years but still well below the 2005 peak of 1.68 million permits. The ongoing housing shortage continues to drive prices upward across all regions. Market dynamics and future outlook The number of existing home sales has plummeted since 2020, reflecting the growing cost of homeownership. Factors such as high home prices, unfavorable economic conditions, and aggressive increases in mortgage rates have contributed to affordability challenges for many potential homebuyers. Despite these challenges, forecasts suggest a potential recovery in the housing market by 2025, though transaction volumes are expected to remain below long-term averages.

Global house prices experienced a significant shift in 2022, with advanced economies seeing a notable decline after a prolonged period of growth. The real house price index (adjusted for inflation) for advanced economies peaked at nearly 140 index points in early 2022 before falling to around 132 points by the first quarter of 2024. This represents a reversal of the upward trend that had characterized the housing market for roughly a decade. Conversely, real house prices in emerging economies resumed growing, after a brief correction in the second half of 2022. What is behind the slowdown? Inflation and slow economic growth have been the primary drivers for the cooling of the housing market. Secondly, the growing gap between incomes and house prices since 2012 has decreased the affordability of homeownership. Last but not least, homebuyers in 2024 faced dramatically higher mortgage interest rates, further contributing to worsening sentiment and declining transactions. Some markets continue to grow While many countries witnessed a deceleration in house price growth in 2022, some markets continued to see substantial increases. Turkey, in particular, stood out with a nominal increase in house prices of over 55 percent in the 1st quarter of 2024. Other countries that recorded a two-digit growth include Russia and the United Arab Emirates. When accounting for inflation, the three countries with the fastest growing residential prices in early 2024 were the United Arab Emirates, Poland, and Bulgaria.

The average Canadian house price declined slightly in 2023, after four years of consecutive growth. The average house price stood at 678,282 Canadian dollars in 2023 and was forecast to reach 746,379 Canadian dollars by 2026. Home sales on the rise The number of housing units sold is also set to increase over the two-year period. From 443,511 units sold, the annual number of home sales in the country is expected to rise to 453,704 in 2025. British Columbia and Ontario have traditionally been housing markets with prices above the Canadian average, and both are set to witness an increase in sales in 2025. How did Canadians feel about the future development of house prices? When it comes to consumer confidence in the performance of the real estate market in the next six months, Canadian consumers in 2024 mostly expected that the market would go up. A slightly lower share of the respondents believed real estate prices would remain the same.

In 2020, Hong Kong had the most expensive residential property market worldwide, with an average property price of 1.25 million U.S. dollars. The government of Hong Kong provide public housing for lower-income residents and almost 45 percent of the Hong Kong population lived in public permanent housing in 2018.

Graph and download economic data for Housing Inventory: Median Days on Market in Seattle-Tacoma-Bellevue, WA (CBSA) (MEDDAYONMAR42660) from Jul 2016 to Feb 2025 about Seattle, WA, median, and USA.

United States Avg Days on Market: All Residential: Maryland data was reported at 32.000 Day in Jul 2020. This records a decrease from the previous number of 37.000 Day for Jun 2020. United States Avg Days on Market: All Residential: Maryland data is updated monthly, averaging 48.000 Day from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 95.000 Day in Feb 2012 and a record low of 22.000 Day in Jun 2018. United States Avg Days on Market: All Residential: Maryland data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB005: Average Days on Market: by States.

United States Avg Days on Market: All Residential: Vermont data was reported at 88.000 Day in Jul 2020. This records a decrease from the previous number of 106.000 Day for Jun 2020. United States Avg Days on Market: All Residential: Vermont data is updated monthly, averaging 142.000 Day from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 210.000 Day in Apr 2012 and a record low of 70.000 Day in Jul 2019. United States Avg Days on Market: All Residential: Vermont data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB005: Average Days on Market: by States.

United States Avg Days on Market: Townhouse: Salt Lake City, UT data was reported at 22.000 Day in Jul 2020. This records an increase from the previous number of 20.000 Day for Jun 2020. United States Avg Days on Market: Townhouse: Salt Lake City, UT data is updated monthly, averaging 35.000 Day from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 127.000 Day in Jan 2013 and a record low of 10.000 Day in May 2017. United States Avg Days on Market: Townhouse: Salt Lake City, UT data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB006: Average Days on Market: by Metropolitan Areas.

Telluride, CO, was the most expensive market for luxury single-family home market in the United States in 2024. In February that year, the median sales price of a single-family home in Telluride was 6.3 million U.S. dollars. Park City, UT, Paradise Valley, AZ, and the Los Angeles Beach Cities, CA, were other locations that fetched prices over 4.3 million U.S. dollars.

United States Avg Days on Market: sa: All Residential: Batesville, AR data was reported at 107.880 Day in Jun 2020. This records a decrease from the previous number of 111.652 Day for May 2020. United States Avg Days on Market: sa: All Residential: Batesville, AR data is updated monthly, averaging 182.933 Day from Feb 2012 (Median) to Jun 2020, with 101 observations. The data reached an all-time high of 443.584 Day in Mar 2015 and a record low of 45.968 Day in Oct 2015. United States Avg Days on Market: sa: All Residential: Batesville, AR 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.

In June 2024, the Russian capital remained an irreplaceable leader among the cities with over one million inhabitants by price of primary housing per square meter countrywide. One square meter in Moscow's primary housing market cost 499,100 Russian rubles in that month.

Graph and download economic data for Housing Inventory: Median Days on Market in Missouri (MEDDAYONMARMO) from Jul 2016 to Feb 2025 about MO, median, and USA.

Long term dataset of U.S. housing starts data back to 1959.

United States Avg Days on Market: sa: All Residential: Manchester, NH data was reported at 35.580 Day in Jul 2020. This records a decrease from the previous number of 46.685 Day for Jun 2020. United States Avg Days on Market: sa: All Residential: Manchester, NH data is updated monthly, averaging 70.466 Day from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 118.631 Day in Apr 2012 and a record low of 35.580 Day in Jul 2020. United States Avg Days on Market: sa: All Residential: Manchester, NH 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.