100+ datasets found
  1. Average sales price of new homes sold in the U.S. 1965-2025

    • statista.com
    Updated Apr 22, 2026
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    Statista (2026). Average sales price of new homes sold in the U.S. 1965-2025 [Dataset]. https://www.statista.com/statistics/240991/average-sales-prices-of-new-homes-sold-in-the-us/
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    Dataset updated
    Apr 22, 2026
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    The average sales price of new homes in the United States experienced an increase in 2025, rising to 522,800 U.S. dollars. This was above the peak of 521,500 U.S. dollars in 2022. In just a few years, home prices have substantially increased, 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. The median sales price of homes showed a different trend, with home prices falling for the third consecutive year in 2025. 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.

  2. F

    Median Sales Price of Houses Sold for the United States

    • fred.stlouisfed.org
    json
    Updated Feb 20, 2026
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    (2026). Median Sales Price of Houses Sold for the United States [Dataset]. https://fred.stlouisfed.org/series/MSPUS
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    jsonAvailable download formats
    Dataset updated
    Feb 20, 2026
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    United States
    Description

    Graph and download economic data for Median Sales Price of Houses Sold for the United States (MSPUS) from Q1 1963 to Q4 2025 about sales, housing, median, and USA.

  3. ๐Ÿก Global Housing Market Analysis (2015-2024)

    • kaggle.com
    zip
    Updated Mar 18, 2025
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    Atharva Soundankar (2025). ๐Ÿก Global Housing Market Analysis (2015-2024) [Dataset]. https://www.kaggle.com/datasets/atharvasoundankar/global-housing-market-analysis-2015-2024
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    zip(18363 bytes)Available download formats
    Dataset updated
    Mar 18, 2025
    Authors
    Atharva Soundankar
    License

    Apache License, v2.0https://www.apache.org/licenses/LICENSE-2.0
    License information was derived automatically

    Description

    This dataset provides insights into the global housing market, covering various economic factors from 2015 to 2024. It includes details about property prices, rental yields, interest rates, and household income across multiple countries. This dataset is ideal for real estate analysis, financial forecasting, and market trend visualization.

    ๐Ÿ“‘ Column Descriptions

    Column NameDescription
    CountryThe country where the housing market data is recorded ๐ŸŒ
    YearThe year of observation ๐Ÿ“…
    Average House Price ($)The average price of houses in USD ๐Ÿ’ฐ
    Median Rental Price ($)The median monthly rent for properties in USD ๐Ÿ 
    Mortgage Interest Rate (%)The average mortgage interest rate percentage ๐Ÿ“‰
    Household Income ($)The average annual household income in USD ๐Ÿก
    Population Growth (%)The percentage increase in population over the year ๐Ÿ‘ฅ
    Urbanization Rate (%)Percentage of the population living in urban areas ๐Ÿ™๏ธ
    Homeownership Rate (%)The percentage of people who own their homes ๐Ÿ”‘
    GDP Growth Rate (%)The annual GDP growth percentage ๐Ÿ“ˆ
    Unemployment Rate (%)The percentage of unemployed individuals in the labor force ๐Ÿ’ผ
  4. F

    Average Sales Price of Houses Sold for the United States

    • fred.stlouisfed.org
    json
    Updated Feb 20, 2026
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    (2026). Average Sales Price of Houses Sold for the United States [Dataset]. https://fred.stlouisfed.org/series/ASPUS
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    jsonAvailable download formats
    Dataset updated
    Feb 20, 2026
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    United States
    Description

    Graph and download economic data for Average Sales Price of Houses Sold for the United States (ASPUS) from Q1 1963 to Q4 2025 about sales, housing, and USA.

  5. Monthly house price index and y-o-y percentage change in England 2015-2025

    • statista.com
    Updated Jan 26, 2026
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    Statista (2026). Monthly house price index and y-o-y percentage change in England 2015-2025 [Dataset]. https://www.statista.com/statistics/620365/monthly-house-price-index-in-england-uk/
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    Dataset updated
    Jan 26, 2026
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2015 - Nov 2025
    Area covered
    England, United Kingdom
    Description

    The average house price in England started to increase in August 2024, after falling by over three percent year-on-year in December 2023. In November 2025, the house price index amounted to 101.9 index points, suggesting an increase in house prices of 2.2 percent since the same month in 2024 and roughly 1.9 percent rise since January 2023 - the baseline year for the index. Among the different regions in the UK, Northern Ireland and North East have experienced the strongest growth since 2023.

  6. Average price per square foot in new single-family homes U.S. 2000-2024

    • statista.com
    Updated Apr 20, 2026
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    Statista (2026). Average price per square foot in new single-family homes U.S. 2000-2024 [Dataset]. https://www.statista.com/statistics/682549/average-price-per-square-foot-in-new-single-family-houses-usa/
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    Dataset updated
    Apr 20, 2026
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    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 ****** U.S. dollars per square foot in 2024. In 2024, the average sales price of a new home exceeded ******* 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 ** percent year-on-year, and in 2022, the increase was even higher, at close to ** 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 ***** 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.

  7. Existing own homes; purchase price indices by region 2015=100 1995-2023

    • cbs.nl
    • data.overheid.nl
    xml
    Updated Jun 6, 2024
    + more versions
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    Centraal Bureau voor de Statistiek (2024). Existing own homes; purchase price indices by region 2015=100 1995-2023 [Dataset]. https://www.cbs.nl/en-gb/figures/detail/83913ENG
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    xmlAvailable download formats
    Dataset updated
    Jun 6, 2024
    Dataset provided by
    Statistics Netherlands
    Authors
    Centraal Bureau voor de Statistiek
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Area covered
    Netherlands
    Description

    The figures of existing own homes are related to the stock of existing own homes. Besides the price indices, figures are also published about the numbers sold, the average purchase price, and the total sum of the purchase prices of the sold dwellings. The House Price Index of existing own homes is based on a complete registration of sales of dwellings by the Dutch Land Registry Office (Kadaster) and the (WOZ) value of all dwellings in the Netherlands. Indices may fluctuate, for example if a small number of dwellings are sold in a certain region. In such cases we recommended using the long-term figures. The average purchase price of existing own homes may differ from the price index of existing own homes. The change in the average purchase price, however, is not an indicator for price developments of existing own homes.

    Data available from: 1st quarter 1995 to 4th quarter 2023

    Status of the figures: The figures in this table are immediately definitive. The calculation of these figures is based on the number of notary transactions that are registered every month by the Dutch Land Registry Office (Kadaster). A revision of the figures is exceptional and occurs specifically if an error significantly exceeds the acceptable statistical margins. The numbers of existing owner-occupied sold homes can be recalculated by Kadaster at a later date. These figures are usually the same as the publication on Statline, but in some periods they differ. Kadaster calculates the average purchasing prices based on the most recent data. These may have changed since the first publication. Statistics Netherlands uses figures from the first publication in accordance with the revision policy described above.

    Changes as of 6 June 2024: This table has been discontinued. This table is followed by Existing own homes; purchase prices, price index 2020=100, region. See paragraph 3.

    From reporting period 2024 quarter 1, the base year of the House Price Index for Existing Dwellings (PBK) will be adjusted from 2015 to 2020. In April 2024, the first figures of this new series will be released. These figures will be available in a new StatLine table. The old series (base year = 2015) can still be consulted via StatLine, but will no longer be updated.

  8. Annual change in house prices in the UK 2015-2026, by month

    • statista.com
    + more versions
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    Statista, Annual change in house prices in the UK 2015-2026, by month [Dataset]. https://www.statista.com/statistics/751619/house-price-change-uk/
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    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2015 - Jan 2026
    Area covered
    United Kingdom
    Description

    House prices in the UK rose dramatically during the coronavirus pandemic, with growth slowing down in 2022 and turning negative in 2023. The year-on-year annual house price change peaked at 14 percent in July 2022. In January 2026, house prices increased by 1.3 percent. As of mid-2025, the average house price was over 272,000 British pounds. Correction in housing prices: a European phenomenon The trend of a growing residential real estate market was not exclusive to the UK during the pandemic. Likewise, many European countries experienced falling prices in 2023. When comparing residential property RHPI (price index in real terms, e.g. corrected for inflation), countries such as Germany, France, Italy, and Spain also saw prices decline. Sweden, one of the countries with the fastest growing residential markets, saw one of the largest declines in prices. How has demand for UK housing changed since the outbreak of the coronavirus? The easing of the lockdown was followed by a dramatic increase in home sales. In November 2020, the number of mortgage approvals reached an all-time high of over 107,000. One of the reasons for the housing boom were the low mortgage rates, allowing home buyers to take out a loan with an interest rate as low as 2.5 percent. That changed as the Bank of England started to raise the base lending rate, resulting in higher borrowing costs and a decline in homebuyer sentiment.

  9. House Prices: new and existing dwellings price index 2015=100 2015-2023

    • data.overheid.nl
    • cbs.nl
    atom, json
    Updated Sep 1, 2024
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    Centraal Bureau voor de Statistiek (Rijk) (2024). House Prices: new and existing dwellings price index 2015=100 2015-2023 [Dataset]. https://data.overheid.nl/dataset/4150-house-prices--new-and-existing-dwellings-price-index-2015-100
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    atom(KB), json(KB)Available download formats
    Dataset updated
    Sep 1, 2024
    Dataset provided by
    Statistics Netherlands
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    This table shows the price development of newly built and existing dwellings purchased by households. Aside from the price indices, Statistics Netherlands also publishes figures on the number, average purchase price and total sum of the purchase prices of the sold dwellings.

    Data available from: 1st quarter 2015 to 3rd quarter 2023

    Status of the figures: The figures in this table that are associated with existing homes (PBK) are final. The figures in this table that are associated with new dwellings (PNK) are one period provisional and the figures in this table that are associated with the number of sold dwellings and the average purchase price and related to newly built dwellings and total figures are provisional. Since this table has been discontinued, the data is no longer finalized.

    Changes as of 6th of October 2022: This statistic is calculated using a European harmonized method. The method for rounding figures has changed within the European guidelines. This method change has been implemented with the result that some figures have been adjusted by a maximum of 0.1 index point or 0.1% development. The figures therefore correspond to the figures on the eurostat website.

    Changes as of 25th of April 2024: This table has been discontinued. This table is followed by House Prices: new and existing dwellings price index 2020=100. See paragraph 3.

  10. T

    Canada Average House Prices

    • tradingeconomics.com
    • ar.tradingeconomics.com
    • +13more
    csv, excel, json, xml
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    TRADING ECONOMICS, Canada Average House Prices [Dataset]. https://tradingeconomics.com/canada/average-house-prices
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    json, csv, xml, excelAvailable download formats
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 2005 - Mar 31, 2026
    Area covered
    Canada
    Description

    Average House Prices in Canada decreased to 659100 CAD in March from 661900 CAD in February of 2026. This dataset includes a chart with historical data for Canada Average House Prices.

  11. a

    Median Price of Homes Sold - City

    • hub.arcgis.com
    • vital-signs-bniajfi.hub.arcgis.com
    Updated Mar 24, 2020
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    Baltimore Neighborhood Indicators Alliance (2020). Median Price of Homes Sold - City [Dataset]. https://hub.arcgis.com/maps/bniajfi::median-price-of-homes-sold-city
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    Dataset updated
    Mar 24, 2020
    Dataset authored and provided by
    Baltimore Neighborhood Indicators Alliance
    Area covered
    Description

    The median home sales price is the middle value of the prices for which homes are sold (both market and private transactions) within a calendar year. The median value is used as opposed to the average so that both extremely high and extremely low prices do not distort the prices for which homes are sold. This measure does not take into account the assessed value of a property. Source: First American Real Estate Solutions (FARES) and RBIntel Years Available: 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2022, 2023

  12. Home prices in selected cities in Canada 2015

    • statista.com
    Updated Feb 16, 2015
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    Statista (2015). Home prices in selected cities in Canada 2015 [Dataset]. https://www.statista.com/statistics/610471/house-prices-canada-by-city/
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    Dataset updated
    Feb 16, 2015
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2015
    Area covered
    Canada
    Description

    This statistic presents the average home prices in selected Canadian cities in 2015. In that year, the average home price in Montreal amounted to approximately *** thousand Canadian dollars.

  13. F

    All-Transactions House Price Index for California

    • fred.stlouisfed.org
    json
    Updated Feb 24, 2026
    + more versions
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    (2026). All-Transactions House Price Index for California [Dataset]. https://fred.stlouisfed.org/series/CASTHPI
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Feb 24, 2026
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    California
    Description

    Graph and download economic data for All-Transactions House Price Index for California (CASTHPI) from Q1 1975 to Q4 2025 about appraisers, CA, HPI, housing, price index, indexes, price, and USA.

  14. U

    United States Median Home Sale Price: All Residential: Cape Coral, FL

    • ceicdata.com
    Updated Sep 11, 2020
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    CEICdata.com (2020). United States Median Home Sale Price: All Residential: Cape Coral, FL [Dataset]. https://www.ceicdata.com/en/united-states/median-home-sale-price-by-metropolitan-areas
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    Dataset updated
    Sep 11, 2020
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Aug 1, 2019 - Jul 1, 2020
    Area covered
    United States
    Description

    Median Home Sale Price: All Residential: Cape Coral, FL data was reported at 257.000 USD th in Jul 2020. This records an increase from the previous number of 242.000 USD th for Jun 2020. Median Home Sale Price: All Residential: Cape Coral, FL data is updated monthly, averaging 225.000 USD th from Jun 2015 (Median) to Jul 2020, with 62 observations. The data reached an all-time high of 257.000 USD th in Jul 2020 and a record low of 185.000 USD th in Aug 2015. Median Home Sale Price: All Residential: Cape Coral, FL data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Databaseโ€™s United States โ€“ Table US.EB056: Median Home Sale Price: by Metropolitan Areas.

  15. U

    United States Median Home Sale Price: All Residential: Baltimore, MD

    • ceicdata.com
    Updated Sep 11, 2020
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    CEICdata.com (2020). United States Median Home Sale Price: All Residential: Baltimore, MD [Dataset]. https://www.ceicdata.com/en/united-states/median-home-sale-price-by-metropolitan-areas
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    Dataset updated
    Sep 11, 2020
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Aug 1, 2019 - Jul 1, 2020
    Area covered
    United States
    Description

    Median Home Sale Price: All Residential: Baltimore, MD data was reported at 320.000 USD th in Jul 2020. This records an increase from the previous number of 310.000 USD th for Jun 2020. Median Home Sale Price: All Residential: Baltimore, MD data is updated monthly, averaging 250.000 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 320.000 USD th in Jul 2020 and a record low of 210.000 USD th in Jan 2015. Median Home Sale Price: All Residential: Baltimore, MD data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Databaseโ€™s United States โ€“ Table US.EB056: Median Home Sale Price: by Metropolitan Areas.

  16. U

    United States Median Home Sale Price: All Residential: Cambridge, MD

    • ceicdata.com
    Updated Sep 11, 2020
    + more versions
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    CEICdata.com (2020). United States Median Home Sale Price: All Residential: Cambridge, MD [Dataset]. https://www.ceicdata.com/en/united-states/median-home-sale-price-by-metropolitan-areas
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    Dataset updated
    Sep 11, 2020
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Aug 1, 2019 - Jul 1, 2020
    Area covered
    United States
    Description

    Median Home Sale Price: All Residential: Cambridge, MD data was reported at 210.000 USD th in Jul 2020. This records a decrease from the previous number of 242.000 USD th for Jun 2020. Median Home Sale Price: All Residential: Cambridge, MD data is updated monthly, averaging 154.000 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 250.000 USD th in Jan 2019 and a record low of 70.000 USD th in Feb 2015. Median Home Sale Price: All Residential: Cambridge, MD data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Databaseโ€™s United States โ€“ Table US.EB056: Median Home Sale Price: by Metropolitan Areas.

  17. F

    All-Transactions House Price Index for Los Angeles County, CA

    • fred.stlouisfed.org
    json
    Updated Mar 25, 2025
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    (2025). All-Transactions House Price Index for Los Angeles County, CA [Dataset]. https://fred.stlouisfed.org/series/ATNHPIUS06037A
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Mar 25, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    Los Angeles County, California
    Description

    Graph and download economic data for All-Transactions House Price Index for Los Angeles County, CA (ATNHPIUS06037A) from 1975 to 2024 about Los Angeles County, CA; Los Angeles; CA; HPI; housing; price index; indexes; price; and USA.

  18. N

    Norway House Prices Growth

    • ceicdata.com
    Updated Feb 15, 2019
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    CEICdata.com (2019). Norway House Prices Growth [Dataset]. https://www.ceicdata.com/en/indicator/norway/house-prices-growth
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    Dataset updated
    Feb 15, 2019
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jun 1, 2023 - Mar 1, 2026
    Area covered
    Norway
    Description

    Key information about House Prices Growth

    • Norway house prices grew 3.8% YoY in Mar 2026, following an increase of 5.9% YoY in the previous quarter.
    • YoY growth data is updated quarterly, available from Mar 1993 to Mar 2026, with an average growth rate of 3.7%.
    • House price data reached an all-time high of 21.2% in Mar 2000 and a record low of -6.9% in Dec 2008.

    CEIC calculates House Prices Growth from quarterly House Price Index. Statistics Norway provides House Price Index with base 2015=100.

  19. U

    United States Median Home Sale Price: All Residential: Augusta, ME

    • ceicdata.com
    Updated Sep 11, 2020
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    CEICdata.com (2020). United States Median Home Sale Price: All Residential: Augusta, ME [Dataset]. https://www.ceicdata.com/en/united-states/median-home-sale-price-by-metropolitan-areas
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    Dataset updated
    Sep 11, 2020
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Aug 1, 2019 - Jul 1, 2020
    Area covered
    United States
    Description

    Median Home Sale Price: All Residential: Augusta, ME data was reported at 195.000 USD th in Jul 2020. This records an increase from the previous number of 190.000 USD th for Jun 2020. Median Home Sale Price: All Residential: Augusta, ME data is updated monthly, averaging 137.000 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 195.000 USD th in Jul 2020 and a record low of 109.000 USD th in Feb 2015. Median Home Sale Price: All Residential: Augusta, ME data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Databaseโ€™s United States โ€“ Table US.EB056: Median Home Sale Price: by Metropolitan Areas.

  20. F

    All-Transactions House Price Index for New York

    • fred.stlouisfed.org
    json
    Updated Feb 24, 2026
    + more versions
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    (2026). All-Transactions House Price Index for New York [Dataset]. https://fred.stlouisfed.org/series/NYSTHPI
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Feb 24, 2026
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    New York
    Description

    Graph and download economic data for All-Transactions House Price Index for New York (NYSTHPI) from Q1 1975 to Q4 2025 about appraisers, NY, HPI, housing, price index, indexes, price, and USA.

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Statista (2026). Average sales price of new homes sold in the U.S. 1965-2025 [Dataset]. https://www.statista.com/statistics/240991/average-sales-prices-of-new-homes-sold-in-the-us/
Organization logo

Average sales price of new homes sold in the U.S. 1965-2025

Explore at:
2 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Apr 22, 2026
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
United States
Description

The average sales price of new homes in the United States experienced an increase in 2025, rising to 522,800 U.S. dollars. This was above the peak of 521,500 U.S. dollars in 2022. In just a few years, home prices have substantially increased, 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. The median sales price of homes showed a different trend, with home prices falling for the third consecutive year in 2025. 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.

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