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.

Key information about House Prices Growth

• US house prices grew 3.3% YoY in Sep 2025, following an increase of 4.1% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1992 to Sep 2025, with an average growth rate of -12.4%.
• House price data reached an all-time high of 17.7% in Sep 2021 and a record low of -12.4% in Dec 2008.

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.

Discover the latest trends and insights into the booming US residential real estate market. Our comprehensive analysis reveals a steady CAGR of 2.04%, key drivers, market segmentation, and leading players. Learn about growth projections through 2033 and understand the opportunities and challenges shaping this dynamic 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.

Turkey experienced the highest annual change in house prices in 2025, followed by North Macedonia and Portugal. In the second quarter of the year, the nominal house price in Turkey grew by **** percent, while in North Macedonia and Portugal, the increase was **** and **** percent, respectively. Meanwhile, some countries saw prices fall throughout the year. That has to do with an overall cooling of the global housing market that started in 2022. When accounting for inflation, house price growth was slower, and even more countries saw the market shrink.

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

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.

United Kingdom Residential Real Estate Market is Segmented by Property Type (Apartments and Condominiums, and Villas and Landed Houses), by Price Band (Affordable, Mid-Market and Luxury), by Business Model (Sales and Rental), by Mode of Sale (Primary and Secondary), and by Region (England, Scotland, Wales and Northern Ireland). The Market Forecasts are Provided in Terms of Value (USD)

The United States home construction market, valued at approximately $700 billion in 2025, is experiencing robust growth, projected to maintain a compound annual growth rate (CAGR) exceeding 3% through 2033. This expansion is fueled by several key factors. Firstly, a persistent housing shortage, particularly in desirable urban areas like New York City, Los Angeles, and San Francisco, continues to drive demand. Secondly, favorable demographic trends, including millennial household formation and an increasing preference for homeownership, are bolstering the sector. Furthermore, low interest rates (though this is subject to change depending on economic conditions) have historically made mortgages more accessible, stimulating construction activity. However, the market isn't without its challenges. Rising material costs, labor shortages, and supply chain disruptions continue to exert upward pressure on construction prices, potentially impacting affordability and slowing growth in certain segments. The market is segmented by dwelling type (apartments & condominiums, villas, other), construction type (new construction, renovation), and geographic location, with significant activity concentrated in major metropolitan areas. The dominance of large national builders like D.R. Horton, Lennar Corp, and PulteGroup highlights the industry's consolidation trend, while the growth of multi-family construction reflects shifting urban preferences. Looking ahead, the market's trajectory will depend on macroeconomic factors, interest rate fluctuations, government policies impacting housing affordability, and the ability of the industry to address supply-chain and labor challenges. Innovation in construction technologies, sustainable building practices, and prefabricated homes are also emerging trends expected to significantly influence market dynamics over the forecast period. The competitive landscape is characterized by a mix of large publicly traded companies and smaller regional builders. While established players dominate the market share, opportunities exist for smaller firms specializing in niche markets, such as sustainable or luxury home construction, or those focused on specific geographic areas. The ongoing expansion of the market signifies significant potential for investment and growth, despite the hurdles currently impacting the sector. Addressing supply chain disruptions and labor shortages will be crucial for sustained growth. Continued demand in key urban centers and evolving consumer preferences toward specific dwelling types will be critical factors determining the market's future trajectory. Recent developments include: June 2022 - Pulte Homes - a national brand of PulteGroup, Inc. - announced the opening of its newest Boston-area community, Woodland Hill. Offering 46 new construction single-family homes in the charming town of Grafton, the community is conveniently located near schools, dining, and entertainment, with the Massachusetts Bay Transportation Authority commuter rail less than a mile away. The collection of home designs at Woodland Hill includes three two-story floor plans, ranging in size from 3,013 to 4,019 sq. ft. with four to six bedrooms, 2.5-3.5 baths, and 2-3 car garages. These spacious home designs feature flexible living spaces, plenty of natural light, gas fireplaces, and the signature Pulte Planning Center®, a unique multi-use workstation perfect for homework or a family office., December 2022 - D.R. Horton, Inc. announced the acquisition of Riggins Custom Homes, one of the largest builders in Northwest Arkansas. The homebuilding assets of Riggins Custom Homes and related entities (Riggins) acquired include approximately 3,000 lots, 170 homes in inventory, and 173 homes in the sales order backlog. For the trailing twelve months ended November 30, 2022, Riggins closed 153 homes (USD 48 million in revenue) with an average home size of approximately 1,925 square feet and an average sales price of USD 313,600. D.R. Horton expects to pay approximately USD 107 million in cash for the purchase, and the Company plans to combine the Riggins operations with the current D.R. Horton platform in Northwest Arkansas.. Notable trends are: High-interest Rates are Negatively Impacting the Market.

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 *** index points in early 2022 before falling to around ***** points by the second quarter of 2023. In the second quarter of 2025, the index reached ***** points. This represents a reversal of the upward trend that had characterized the housing market for roughly a decade. Likewise, real house prices in emerging economies declined after reaching a high of ***** points in the third quarter of 2021. 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 ** percent in the first quarter of 2025. Other countries that recorded a two-digit growth include North Macedonia and Russia. When accounting for inflation, the three countries with the fastest growing residential prices in early 2025 were North Macedonia, Portugal, and Bulgaria.

Key information about House Prices Growth

• Romania house prices grew 4.7% YoY in Jun 2025, following an increase of 4.9% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 2010 to Jun 2025, with an average growth rate of 6.2%.
• House price data reached an all-time high of 8.5% in Jun 2022 and a record low of -17.1% in Dec 2011.

Explore the Redfin Canada Properties Dataset, available in CSV format and extracted in April 2022. This comprehensive dataset offers detailed insights into the Canadian real estate market, including property listings, prices, square footage, number of bedrooms and bathrooms, and more. Covering various cities and provinces, it’s ideal for market analysis, investment research, and financial modeling.

Key Features:

• Property Details: Includes crucial data such as listing price, property type, square footage, number of bedrooms and bathrooms, and more.
• Geo-Location Data: Provides geographical coordinates, allowing for spatial analysis and mapping.
• Market Trends: Offers historical data to analyze price trends and market fluctuations.

Who Can Use This Dataset:

• Real Estate Professionals: Evaluate market trends and property values to better advise clients or guide investment decisions.
• Investors: Analyze the Canadian housing market to identify investment opportunities and potential returns.
• Data Analysts and Researchers: Use this dataset to study market dynamics, urban development, or economic factors influencing the real estate sector.
• Financial Analysts: Incorporate the data into financial models to forecast market behavior and investment outcomes.

Download the Redfin Canada Properties Dataset to access valuable information on the Canadian housing market, perfect for anyone involved in real estate, finance, or data analysis.

This dataset contains property sales data, including information such as PropertyID, property type (e.g., Commercial or Residential), tax keys, property addresses, architectural styles, exterior wall materials, number of stories, year built, room counts, finished square footage, units (e.g., apartments), bedroom and bathroom counts, lot sizes, sale dates, and sale prices. Explore this dataset to gain insights into real estate trends and property characteristics.

Data.milwaukee.gov, (2023). Property Sales Data. [online] Available at: https://data.milwaukee.gov [Accessed 9th October 2023].

Open Definition. (n.d.). Creative Commons Attribution 4.0 International Public License (CC BY 4.0). [online] Available at: http://www.opendefinition.org/licenses/cc-by [Accessed 9th October 2023].

Key information about House Prices Growth

• Japan house prices grew 3.4% YoY in Aug 2025, following an increase of 4.7% YoY in the previous month.
• YoY growth data is updated monthly, available from Apr 2009 to Aug 2025, with an average growth rate of 1.3%.
• House price data reached an all-time high of 10.2% in Apr 2022 and a record low of -9.4% in Apr 2009.

Discover the booming Egypt residential real estate market! Our analysis reveals a CAGR of 10.96% and a $20.02B market size in 2025, driven by population growth and economic development. Explore market trends, key players (Emaar Misr, Orascom, Hassan Allam), and investment opportunities in this dynamic sector. Recent developments include: November 2022: Wadi Degla Developments, an Egyptian developer, launched the Club Town new residential project in New Degla, Maadi, South Cairo, for EGP 1.5 billion (USD 61 million). The three-phase project spans 70 acres and includes 550 residential units and a commercial area. Breeze, part of Club Town's Phase I, is expected to be delivered between 2024 and 2026, according to the statement. Between 2022 and 2023, the developer intended to complete more than 1,500 units., October 2022: SODIC, the parent company of Orascom Development Egypt, offered to buy Orascom Real Estate for USD 125 million. In 2021, Abu Dhabi's Aldar Properties and state holding company ADQ purchased a controlling stake in SODIC. The purchase of Orascom Real Estate was expected to further expand their Egyptian real estate business. The offer came as Egypt sought billions of dollars in Gulf investment as it grappled with the financial consequences of the Ukraine conflict, such as rising commodity prices.. Key drivers for this market are: Increasing Private Investment in Real Estate Sector, Growth in the Luxury Housing Market. Potential restraints include: Increase in primary and secondary rents in the market. Notable trends are: Increasing Private Investment in Real Estate Sector Driving the Market.

The Spain residential real estate market size was USD 145.18 Billion in 2022 and is likely to reach USD 264.67 Billion by 2031, expanding at a CAGR of 6.9% during 2023–2031. The growth of the market is attributed to the increase in construction as well as population.

Spain’s real estate market is posting a positive trend, especially in terms of demand. The revival in house sales was high in 2021. For instance, 468,000 transactions were completed by October 2021, a growth of 35.9% compared to 2020 and up by 8.3% on 2019. The activity in the residential sector was highest since 2008. A large part of this revival in demand has come from a reduction in pent-up demand and the forced savings accumulated during the months of lockdown and severely restricted travel, combined with highly favorable financing conditions, which make it more attractive to buy and invest in real estate assets. The residential sector is therefore on track to close 2021 with 545,000 sales in the year as a whole.

Before the pandemic began, the residential real estate market in Spain was growing at a healthy pace, which was then dented by Covid-19 as the construction of housing units came down. However, in 2021, the market was back on track with increase in construction.



As per the latest data from the Appraisal Society, it indicates that the price of new housing has remained stable, in a context of increased sales and improvement in economic indicators. The average price of new homes has grown 0.4% in Spain over the last 12 months to Euro 2,482 (approximately USD 2812) per square meter. This slight increase has been generalized and has been registered in 16 of the 17 autonomous communities.



The economic consequences of the Covid crisis made a dent in the real estate market, and has reflected in the 16.7% collapse of sales in Spain in 2020 to 419,898 transactions. As a result, experimental ways of life are introduced into the real estate market to compensate for the lack of social interaction between people.

Spain Residential Real Estate Market Trends, Drivers, Restraints, and Opportunities

<li style="text-align:

The North American residential construction market is booming, with a projected CAGR of 4.50% through 2033. Discover key market trends, leading companies, and growth drivers in our comprehensive analysis. Explore the opportunities and challenges facing single-family and multi-family housing sectors. Recent developments include: December 2022: In southeast Columbus, D.R. Horton intends to build homes for USD 215 million., December 2022: According to the company's fourth-quarter results call, Lennar Corp. has decided not to proceed with its plans to spin off its multifamily subsidiary, Quarterra, by the end of the year owing to adverse market circumstances., December 2022: At the southeast corner of Idlewild Street and Plantation Road in south Fort Myers, a 17-acre site is being cleared. According to Lee County documents, the area will be transformed into the 52-home neighborhood of Addison Square. The land was purchased by Pulte Homes for USD 2.4 million in a deal facilitated by Chuck Mayhugh of Mayhugh Commercial Advisors. The homes will vary in price from more than USD 500,000 and have 1,600 to 3,400 square feet of living space, with the majority of the homesites being grouped together along a sizable, central lake. According to Pulte executives, construction on the model houses should start by the spring, with some of them being done by the summer.. Notable trends are: 800,000 Housing Units Must Be Built Annually in Mexico to Keep Up with Demand.

Global Laser Housing Market Report 2022 comes with the extensive industry analysis of development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2022-2028. The report may be the best of what is a geographic area which expands the competitive landscape and industry perspective of the market.

These Kaggle datasets offer a comprehensive analysis of the US real estate market, leveraging data sourced from Redfin via an unofficial API. It contains weekly snapshots stored in CSV files, reflecting the dynamic nature of property listings, prices, and market trends across various states and cities, except for Wyoming, Montana, and North Dakota, and with specific data generation for Texas cities. Notably, the dataset includes a prepared version, USA_clean_unique, which has undergone initial cleaning steps as outlined in the thesis. These datasets were part of my thesis; other two countries were France and UK.

These steps include: - Removal of irrelevant features for statistical analysis. - Renaming variables for consistency across international datasets. - Adjustment of variable value ranges for a more refined analysis.

Unique aspects such as Redfin’s “hot” label algorithm, property search status, and detailed categorizations of property types (e.g., single-family residences, condominiums/co-ops, multi-family homes, townhouses) provide deep insights into the market. Additionally, external factors like interest rates, stock market volatility, unemployment rates, and crime rates have been integrated to enrich the dataset and offer a multifaceted view of the real estate market's drivers.

The USA_clean_unique dataset represents a key step before data normalization/trimming, containing variables both in their raw form and categorized based on predefined criteria, such as property size, year of construction, and number of bathrooms/bedrooms. This structured approach aims to capture the non-linear relationships between various features and property prices, enhancing the dataset's utility for predictive modeling and market analysis.

See columns from USA_clean_unique.csv and my Thesis (Table 2.8) for exact column descriptions.

Table 2.4 and Section 2.2.3, which I refer to in the column descriptions, can be found in my thesis; see University Library. Click on Online Access->Hlavni prace.

If you want to continue generating datasets yourself, see my Github Repository for code inspiration.

Let me know if you want to see how I got from raw data to USA_clean_unique.csv. Multiple steps include cleaning in Tableau Prep and R, downloading and merging external variables to the dataset, removing duplicates, and renaming columns for consistency.