In 2021, Allegheny County Economic Development (ACED), in partnership with Urban Redevelopment Authority of Pittsburgh(URA), completed the a Market Value Analysis (MVA) for Allegheny County. This analysis services as both an update to previous MVA’s commissioned separately by ACED and the URA and combines the MVA for the whole of Allegheny County (inclusive of the City of Pittsburgh). The MVA is a unique tool for characterizing markets because it creates an internally referenced index of a municipality’s residential real estate market. It identifies areas that are the highest demand markets as well as areas of greatest distress, and the various markets types between. The MVA offers insight into the variation in market strength and weakness within and between traditional community boundaries because it uses Census block groups as the unit of analysis. Where market types abut each other on the map becomes instructive about the potential direction of market change, and ultimately, the appropriateness of types of investment or intervention strategies.

This MVA utilized data that helps to define the local real estate market. The data used covers the 2017-2019 period, and data used in the analysis includes:

• Residential Real Estate Sales
• Mortgage Foreclosures
• Residential Vacancy
• Parcel Year Built
• Parcel Condition
• Building Violations
• Owner Occupancy
• Subsidized Housing Units

The MVA uses a statistical technique known as cluster analysis, forming groups of areas (i.e., block groups) that are similar along the MVA descriptors, noted above. The goal is to form groups within which there is a similarity of characteristics within each group, but each group itself different from the others. Using this technique, the MVA condenses vast amounts of data for the universe of all properties to a manageable, meaningful typology of market types that can inform area-appropriate programs and decisions regarding the allocation of resources.

Please refer to the presentation and executive summary for more information about the data, methodology, and findings.

In the second quarter of 2025, the real estate index in Poland amounted to ***** points, which was an improvement of **** points compared to the first quarter of 2025.

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 5.2% YoY in Dec 2024, following an increase of 5.4% YoY in the previous quarter.
• YoY growth data is updated quarterly, available from Mar 1992 to Dec 2024, with an average growth rate of 5.4%.
• House price data reached an all-time high of 17.7% in Sep 2021 and a record low of -12.4% in Dec 2008.

In the first nine months of 2021, based on sales revenue, the top 10 leading real estate companies in China had a market share of almost ** percent. The leading 200 companies together occupied **** percent of the real estate market, which showed that the market was very fragmented with many smaller companies.

Snapshot img

Real Estate Market Size 2025-2029

The real estate market size is valued to increase USD 1258.6 billion, at a CAGR of 5.6% from 2024 to 2029. Growing aggregate private investment will drive the real estate market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 64% growth during the forecast period.
By Type - Residential segment was valued at USD 1440.30 billion in 2023
By Business Segment - Rental segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 48.03 billion
Market Future Opportunities: USD 1258.60 billion
CAGR from 2024 to 2029 : 5.6%

Market Summary

In the dynamic realm of global real estate, private investment continues to surge, reaching an impressive USD 2.6 trillion in 2020. This significant influx of capital underscores the sector's enduring appeal to investors, driven by factors such as stable returns, inflation hedging, and the ongoing demand for shelter and commercial real estate space. Simultaneously, marketing initiatives have gained momentum, with digital platforms and virtual tours becoming increasingly popular.
However, regulatory uncertainty looms, posing challenges for market participants. Amidst this complex landscape, real estate remains a vital component of the global economy, continually evolving to meet the shifting needs of businesses and individuals alike.

What will be the Size of the Real Estate Market during the forecast period?

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How is the Real Estate Market Segmented ?

The real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Residential
  Commercial
  Industrial


Business Segment

  Rental
  Sales


Manufacturing Type

  New construction
  Renovation and redevelopment
  Land development


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The residential segment is estimated to witness significant growth during the forecast period.

Amidst the dynamic real estate landscape, the residential sector encompasses the buying and selling of various dwelling types, including single-family homes, apartments, townhouses, and more. This segment experiences continuous growth, fueled by increasing millennial homeownership rates and urbanization trends. Notably, the APAC region, specifically China, dominates the market share, driven by escalating homeownership numbers. Concurrently, the Indian real estate sector thrives due to the demand for affordable housing, with initiatives like Pradhan Mantri Awas Yojana (PMAY) spurring the development of affordable housing projects. In this evolving market, various aspects such as environmental impact studies, capital appreciation potential, title insurance coverage, building lifecycle costs, mortgage interest rates, and structural engineering analysis play crucial roles.

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The Residential segment was valued at USD 1440.30 billion in 2019 and showed a gradual increase during the forecast period.

Property tax appeals, property insurance premiums, property tax assessments, property marketing strategies, building material pricing, property management software, land surveying techniques, zoning regulations compliance, architectural design features, building code compliance, multifamily property management, rental yield calculations, construction cost estimation, energy efficiency ratings, green building certifications, tenant screening processes, investment property returns, property development plans, geotechnical site investigations, sustainable building practices, due diligence procedures, HVAC system efficiency, property renovation costs, market value appraisals, building permit acquisition, and property valuation models significantly impact the sector's progression. As of 2021, the market is projected to reach a value of USD 33.3 trillion, underscoring its substantial influence on the global economy.

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Regional Analysis

APAC is estimated to contribute 64% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The APAC region held the largest share of the market in 2024, driven by factors such as rapid urbanization and increasing spending capacity. This trend is expected to continue during the forecast period. The overall health of the economy signi

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

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The China residential real estate industry is expected to grow at a CAGR of XX% during 2025-2033. The market size was valued at XX million in 2025 and is projected to reach XX million by 2033. The growth of the market is attributed to the increasing urbanization, rising disposable income, and government policies that support homeownership. The key drivers of the market include the increasing demand for housing from the growing middle class, the government's focus on affordable housing, and the development of smart cities. However, the market is also facing some challenges, such as the rising cost of land, the strict regulations on real estate development, and the increasing competition from the rental market. The market is segmented by type into apartments & condominiums, villas & landed houses, and by key cities into Shenzhen, Beijing, Shanghai, Hangzhou, Guangzhou, and other key cities. The major players in the market include Evergrande Real Estate Group Limited, China Overseas Land & Investment Limited, Longfor Group Holdings Limited, China State Construction Engineering Corporation Ltd (CSCEC), Shimao Group Holdings Limited, Sunac China Holdings Limited, China Resources Land Limited, China Vanke Co Ltd, China Merchants Shekou Industrial Zone Holdings Co Ltd, and Country Garden Holdings Company Limited. The market concentration is moderate, with the top 5 players accounting for XX% of the market share. The companies are focusing on expanding their presence in key cities, developing new projects, and offering innovative products and services to meet the evolving needs of consumers. The China residential real estate industry is one of the largest and most important in the world. In 2021, the industry was valued at over $4 trillion USD and is projected to grow to over $6 trillion USD by 2025. The industry is characterized by a high concentration of large developers, with the top 10 developers accounting for over 50% of the market share. The industry is also highly regulated, with the government implementing a number of policies to control prices and prevent speculation. Recent developments include: February 2022: Dar Al-Arkan, a Saudi real estate corporation, announced the creation of an office in Beijing, China. The move is in accordance with Dar Al-strategic Arkan's expansion ambitions and builds on the company's global brand development efforts. The company's Beijing office is expected to serve a variety of tasks, including establishing joint ventures between Dar Al-Arkan and renowned Chinese real estate developers for both the Chinese and Saudi markets, as well as enhancing investment and knowledge-sharing opportunities between the two countries. Dar Al-office Arkan's will serve as a hub for Chinese enterprises and investors looking to expand, start businesses, or invest in the Kingdom., February 2022: China Evergrande Group announced that it sold stakes and "right to debt" in four developments to two state-owned trust firms for CNY 2.13 billion (USD 0.35 billion), in a move to ensure their construction goes ahead as well as delivery of its other projects. The world's most indebted property developer is struggling to complete projects and homes - deemed a priority by China's policymakers to ensure social stability - while weighed down by its more than USD 300 billion in liabilities. Evergrande sold its stake and right to debt in a residential development in Chongqing and Dongguan to Everbright Trust for CNY 1.03 billion (USD 0.19 billion), as well as those in a housing project in Foshan and a theme park development in Guangzhou to Minmetals Trust for CNY 1.1 billion (USD 0.16 billion).. Key drivers for this market are: Government Infrastructure Spending, Urbanization and Increasing Disposable Incomes. Potential restraints include: Oversupply in the Real Estate, Labor Shortages. Notable trends are: Urbanization Driving the Residential Real Estate Market.

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.

Snapshot img

Metaverse Real Estate Market Size 2024-2028

The metaverse real estate market size is forecast to increase by USD 11.58 billion, at a CAGR of 73.6% between 2023 and 2028.

The market is an evolving digital landscape, characterized by the fusion of mixed reality and cryptocurrency. This market is witnessing significant traction due to the increasing adoption of blockchain technology for secure virtual transactions. The Metaverse offers a new frontier for real estate investments, providing unique opportunities for businesses and individuals alike. The market's dynamics are shaped by several factors. One of the most intriguing aspects is the uncertainty surrounding the pricing of virtual properties. While some virtual real estate parcels fetch high prices, others remain undervalued. This volatility can be attributed to the novelty and evolving nature of the market.
Moreover, the Metaverse's potential applications extend beyond gaming and entertainment. Industries such as education, healthcare, and retail are exploring the Metaverse for innovative solutions. For instance, educational institutions are using virtual campuses to provide immersive learning experiences, while healthcare providers are leveraging virtual environments for telemedicine and patient engagement. Despite the market's uncertainty, the market's growth trajectory is promising. According to recent estimates, the number of active users in the Metaverse is projected to reach 23.3 million by 2025, indicating a significant increase from the current user base. This trend is expected to drive demand for virtual real estate, leading to potential investment opportunities.
The market presents a unique investment opportunity, characterized by its fusion of mixed reality and cryptocurrency, the adoption of blockchain technology, and the potential for diverse applications across various sectors. The market's dynamics are shaped by factors such as pricing uncertainty and the evolving nature of the Metaverse. Despite these challenges, the market's growth trajectory is promising, with increasing user adoption and the potential for innovative applications driving demand for virtual real estate.

Major Market Trends & Insights

North America dominated the market and accounted for a 78% growth during the forecast period.
The market is expected to grow significantly in Second Largest Region as well over the forecast period.
By the End-user, the Enterprises sub-segment was valued at USD 225.80 billion in 2022
By the Type, the Virtual Land sub-segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 1.25 billion
Future Opportunities: USD USD 11.58 billion 
CAGR : 73.6%
North America: Largest market in 2022

What will be the Size of the Metaverse Real Estate Market during the forecast period?

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Metaverse real estate represents a significant and expanding sector within the digital economy. According to recent estimates, the market for metaverse property currently accounts for over 1% of total digital asset transactions. Looking ahead, industry experts project a compound annual growth rate of approximately 25% over the next five years. Considerable investment activity characterizes this dynamic market. For instance, virtual land parcels in popular metaverses have seen substantial price increases, with some plots selling for millions of dollars. In comparison, the average price for a residential property in the United States was around USD350,000 as of 2021.
This discrepancy underscores the significant potential for returns in metaverse real estate. Moreover, the market encompasses a diverse range of offerings. These include virtual world economies, digital identity verification, data storage solutions, user interface design, and blockchain security audits, among others. As the market continues to evolve, the integration of payment gateway services, ownership verification, and digital asset management solutions is expected to further streamline transactions and enhance user experience. Transaction fees and content moderation policies are essential considerations for investors. While fees vary between platforms, they can impact potential returns. Additionally, adherence to data privacy compliance and legal frameworks is crucial to mitigate risks and maintain a positive user experience.
In summary, the market represents a burgeoning sector with significant growth potential. Investment opportunities span a wide range of offerings, from virtual land sales to platform integration services. As the market continues to mature, regulatory compliance and user experience enhancements will play increasingly important roles.

How is this Metaverse Real Estate Industry segmented?

The metaverse real estate industry research report provides comprehensive data (region-wise segment analysis), with for

According to Cognitive Market Research, the global Real Estate Sector market size was USD 3625.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1450.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1087.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 833.87 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 181.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 72.51 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
The Commercial real estate is the fastest-growing segment, driven by economic development, urbanization, and a shift toward modern, multi-use spaces

Market Dynamics of Real Estate Sector Market

Key Drivers Real Estate Sector Market

Urbanization and Population Growth Fueling Demand: The increase in urban migration is driving the need for residential, commercial, and industrial properties. The development of megacities, improved infrastructure, and rising disposable incomes are contributing to the growth of the real estate sector. For instance, the Reserve Bank of India’s low interest rates in 2021 significantly boosted housing demand by 35–40% during the festive period.

Economic Growth and Rising Incomes Facilitating Market Expansion: A robust economy and increasing income levels are allowing for more substantial investments in real estate. The development of infrastructure, enhanced investor confidence, and capital inflows are further driving demand across the residential, commercial, and industrial property sectors.

Key Restraint Real Estate Sector Market

High Construction Costs Impeding Market Growth: The escalating costs of raw materials and labor shortages are raising project expenses and causing delays. Global supply chain disruptions and inflation are also impacting profit margins and making housing less affordable, which in turn is hindering real estate activity.

Key Trends for Real Estate Sector Market

Smart Cities and Sustainable Infrastructure Development: Governments and developers are focusing on smart city initiatives that include green buildings, energy-efficient designs, and technology-integrated infrastructure, thereby improving livability and long-term value in urban real estate markets.

Increasing Demand for Mixed-Use Developments: There is a growing consumer preference for integrated spaces that combine residential, retail, and office units. This trend is transforming urban planning and generating demand for multi-functional real estate projects that cater to convenience and contemporary lifestyles.

Impact of Covid-19 on the Real Estate Sector Market

Covid-19 pandemic significantly impacted the real estate sector, leading to shifts in both demand and operational dynamics. During the early phases of the pandemic, lockdowns and economic uncertainties caused a slowdown in construction activities, delays in project completions, and a decline in property transactions. The residential market experienced a surge in demand for larger homes and properties in suburban areas as people sought more space due to remote work trends. On the other hand, the commercial real estate market, especially office spaces, faced challenges with businesses adopting remote work models, resulting in a reduced demand for office buildings. Introduction of the Real Estate Sector Market

The real estate sector encompasses the development, buying, selling, leasing, and management of land, residential, commercial, and industrial properties. It is a dynamic market driven by a complex mix of factors, including economic conditions, urbanization, demographic shifts, and government policies. Market growth in the real estate sector is primarily influenced by factors such as population growth, increasing urbanization...

The report covers the Qatar real estate market overall competitive landscape, government role and regulations, trends and developments, market segmentation.

In the first nine months of 2021, most of the investment volume for real estate was attributed to the capital of the country. Investment volume share attributable to St. Petersburg was measured at ** percent of the total over the period under consideration.

Housing Index in Sweden increased to 947 points in the second quarter of 2025 from 934 points in the first quarter of 2025. This dataset provides - Sweden House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The US luxury residential market, encompassing apartments, condominiums, villas, and landed houses, is a dynamic sector exhibiting robust growth. Driven by factors such as increasing high-net-worth individuals, a preference for upscale amenities and locations in prime cities like New York, Los Angeles, and San Francisco, and a sustained demand for second homes and investment properties, the market is projected to maintain a compound annual growth rate (CAGR) exceeding 3% from 2025 to 2033. While rising construction costs and interest rates pose challenges, the inherent resilience of the luxury segment, fueled by a limited supply of high-end properties and consistent demand from affluent buyers, mitigates these constraints. The segment's performance is geographically concentrated, with major metropolitan areas capturing the lion's share of market activity. Prominent developers like Toll Brothers Inc. and D.R. Horton are major players, contributing significantly to the market's supply. However, the market also faces challenges such as regulatory changes affecting construction and zoning, which could influence future growth. Furthermore, fluctuating global economic conditions and shifts in investor sentiment can impact demand in the luxury sector. The market segmentation highlights a strong preference for apartments and condominiums in urban centers, reflecting the lifestyle choices of many high-net-worth individuals. Villas and landed houses remain popular in suburban and rural areas, catering to a different segment of buyers prioritizing privacy and space. The regional analysis indicates that North America, particularly the US, dominates the luxury residential market, although international investment continues to play a significant role. The robust pipeline of luxury projects underway suggests continued growth, driven by sophisticated design, advanced technology integration in homes, and an increasing focus on sustainability. The market's performance will depend on the interplay of economic indicators, evolving consumer preferences, and the effective management of regulatory and infrastructural challenges. Understanding these dynamics is crucial for investors and developers aiming to navigate this lucrative yet complex market segment. Recent developments include: October 2021: Toll Brothers Inc. - the country's leading builder of luxury homes, through its Toll Brothers Campus Living Division and CanAm Capital Partners - the private equity affiliate of CanAm enterprises and a leading provider of project-level structured debt and equity solutions, announced the formation of a new joint venture. This joint venture will develop Lapis, a 1086-bed 293-unit luxury student housing community at Florida International University (FIU) in Miami, Florida. The community will offer luxury amenities, multiple study lounges, high-speed internet throughout the community, a resort-style pool, fitness center, bike storage, club room, outdoor kitchens, business center, and secured garage., November 2021: Toll Brothers Inc. - the nation's leading builder of luxury homes, through its Toll Brothers Apartment Living rental division and Sundance Bay - a leading private real estate investment and operating firm, announced the formation of a new joint venture to develop Broad & Noble. It is a 344-unit mixed-use rental apartment community in Philadelphia, Pa. This 18-story high-rise building will feature high-end luxury finishes, a fitness center, music, media, and podcast rooms; a conservatory and private dining rooms; a yoga and cycling studio, sky lounge with an outdoor deck area. Additionally, it will consist landscaped plaza, private storage areas, an access-controlled garage with bike storage, and a pet spa.. Notable trends are: Home Automation Becoming a Pre-requisite for Luxury Real Estate.

The North American industrial real estate market, encompassing the United States, Canada, and Mexico, is experiencing robust growth, driven by e-commerce expansion, nearshoring initiatives, and a strengthening manufacturing sector. The market's Compound Annual Growth Rate (CAGR) exceeding 4.50% signifies a consistently expanding market value, projected to reach significant figures by 2033. Key sectors fueling this growth include Information Technology (IT and ITES), Manufacturing, and BFSI (Banking, Financial Services, and Insurance), with consulting and other sectors also contributing. The demand for warehouse and logistics space is particularly high, driven by the increasing need for efficient supply chain management and last-mile delivery solutions. Significant players like Hines, Turner Construction Company, and Prologis (a major player implicitly suggested by the listed companies) are shaping the market landscape through large-scale developments and strategic acquisitions. While potential restraints could include rising interest rates and construction material costs, the underlying demand continues to outweigh these challenges, ensuring sustained growth for the foreseeable future. The geographical distribution of growth varies across North America, with the United States likely holding the largest market share due to its economic size and established logistics networks. Canada and Mexico are also experiencing growth, particularly Mexico benefiting from nearshoring trends. Segmentation within the sectors reveals a dynamic market. The IT and ITES sector's demand for data centers and office space drives growth in specific regions. Manufacturing's expansion necessitates larger industrial spaces, while BFSI focuses on secure and well-located facilities. This diverse demand profile contributes to the overall market resilience and growth trajectory. The forecast period (2025-2033) promises continued expansion, making the North American industrial real estate market an attractive investment opportunity for both developers and investors. Continued monitoring of macroeconomic factors and evolving industry trends will be key to navigating this dynamic environment. Recent developments include: December 2021: Boston Properties Inc. (the largest publicly traded developer, owner, and manager of Class A office properties) announced that it completed the acquisition of 360 Park Avenue South, a 450,000 square-foot, 20-story office property located in the Midtown South submarket of Manhattan, New York, from Enterprise Asset Management Inc. (an investment management firm). Furthermore, the gross purchase value accounted for approximately USD 300 million., December 2021: Boston Properties Inc. announced a joint venture in which the company has a 49% ownership and executed a 229,000 square foot lease with a leading biotech company at the venture's 751 Gateway project in South San Francisco, California. The lease covers the entire building, which is currently under construction, with initial occupancy expected in early 2024.. Notable trends are: Increasing Rental Prices of Office Spaces.

House Price Index YoY in the United States decreased to 2.60 percent in June from 2.90 percent in May of 2025. This dataset includes a chart with historical data for the United States FHFA House Price Index YoY.

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.

House price growth slowed down in many countries worldwide in 2022 compared to the year before. Conversely, in Turkey, Vietnam, Russia, Sri Lanka, Georgia, and Mexico, house prices continued to grow. Adjusted for inflation, the annual house price increase in Turkey measured a staggering 63 percent. In the United States, on the other hand, price growth felt from 10.5 percent to 1.2 percent. In 2022, mortgage interest rates, increased overall in response to rising inflation and economic instability.