The number of U.S. home sales in the United States declined in 2023, after soaring in 2021. A total of four million transactions of existing homes, including single-family, condo, and co-ops, were completed in 2023, 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 are 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. Only 15 percent of U.S. renters could afford to become homeowners and in metros with highly competitive housing markets such as Los Angeles, CA, and Urban Honolulu, HI, this share was below five percent. Are U.S. home prices expected to fall? The median sales price of existing homes stood at 387,000 U.S. dollars in 2023 and was forecast to increase slightly until 2025. 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.

La Rioja was the Spanish region where the pandemic impact on real estate prices was higher compared to the previous year, with a decrease of almost 16% in the last quarter of 2020. The only place in Spain where there was an increase in comparison with the pre-pandemic data was in the autonomous city of Melilla.

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.

The Germany Real Estate Services Market is Segmented by Product Type (Residential, Commercial, and Other Product Types) and Services (Property Management, Valuation Services, and Other Services).

Graph and download economic data for Median Sales Price of Houses Sold for the United States (MSPUS) from Q1 1963 to Q4 2024 about sales, median, housing, and USA.

Dataset

This dataset was created by Alex_Element

Contents

In September 2023, the consumer sentiment index (CSI) in the real estate market in South Korea reached 108.6 points, showing a slight increase from the previous month. Between June and December 2022, the value had decreased to 78 but has since slowly increased

The report covers Global Real Estate Technology Market Share & Size. The market is Segmented by Deployment (On-premise, Cloud), Solution (Documentation, Accounting, Compliance, Business Intelligence, Enterprise Resource Planning, Customer Relationship Management, and Asset Management), End-User (Residential and Commercial), and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

The Commercial Real Estate (CRE) industry is exhibiting significant variations across markets, with persistently high office vacancy rates juxtaposed against thriving prime office spaces. Hard hit by the widespread adoption of remote and hybrid work models, the overall office vacancy rate rose to 20.4% in Q4 2024 from the pre-pandemic rate of 16.8%. However, leasing volumes for prime office spaces are set to climb, providing opportunities for seasoned investors. On the other hand, the multifamily sector is gaining from a prominent move towards renting, primarily driven by housing affordability concerns and changing lifestyle preferences. This has increased demand for multifamily properties and opportunities to convert underutilized properties, such as offices, into residential rentals. The industrial real estate segment is also evolving, with the boom in e-commerce necessitating the development of strategically located warehouses for quick fulfillment and last-mile delivery. Industry revenue has gained at a CAGR of 0.8% to reach $1.4 trillion through the end of 2025, including a 0.4% climb in 2025 alone. The industry is grappling with multiple challenges, including high interest rates, wide buyer-seller expectation gaps and significant disparities in demand across different geographies and asset types. The Federal Reserve's persistent high-interest-rate environment creates refinancing hurdles for properties purchased during the low-rate period of 2020-2021. Because of remote working trends, office delinquency rates are predicted to climb from 11.0% in late 2024 to 14.0% by 2026, leading to a job market increasingly concentrated in certain urban centers. Through the end of 2030, the CRE industry is expected to stabilize as the construction pipeline shrinks, reducing new supply and, in turn, rebalancing supply and demand dynamics. With this adjustment, occupancy rates are likely to improve, and rents may observe gradual growth. The data center segment is set to witness accelerating demand propelled by the rapid expansion of artificial intelligence, cloud computing and the Internet of Things. Likewise, mixed-use properties are poised to gain popularity, driven by the growing appeal of flexible spaces that accommodate diverse businesses and residents. This new demand, coupled with the retiring baby boomer generation's preference for leisure-centric locales, is expected to push the transformation of traditional shopping plazas towards destination centers, offering continued opportunities for savvy CRE investors. Industry revenue will expand at a CAGR of 1.9% to reach $1.6 trillion in 2030.

Chile Real Estate Market: National: Sales: Total data was reported at 3,008.000 Unit in Sep 2024. This records a decrease from the previous number of 3,153.000 Unit for Aug 2024. Chile Real Estate Market: National: Sales: Total data is updated monthly, averaging 4,748.000 Unit from Jan 2004 (Median) to Sep 2024, with 249 observations. The data reached an all-time high of 8,703.000 Unit in Aug 2015 and a record low of 2,169.000 Unit in Apr 2020. Chile Real Estate Market: National: Sales: Total data remains active status in CEIC and is reported by Chilean Construction Chamber. The data is categorized under Global Database’s Chile – Table CL.EB001: Real Estate Market: Supply and Sales. [COVID-19-IMPACT]

Commercial mortgage lending in the United States has slowed down since 2021, when it surged for most property types, including multifamily, industrial, and hotel real estate. The Commercial/Multifamily Mortgage Bankers Originations Index shows the development of mortgage originations since 2001, which was chosen as a base year with an index value of 100. As of the first quarter of 2023, the index value for industrial real estate was 498 index points - the highest among all property types and a five-fold increase since 2001.

The total available market (TAM) for the number of drones in real estate in the United States (U.S.) is 280 thousand in 2020. This is the most significant TAM figure for real estate drones in a given region throughout the world. Asia-Pacific is also anticipated to have a large TAM for real estate drones, slightly less than that of the U.S.

Graph and download economic data for Real Residential Property Prices for United States (QUSR628BIS) from Q1 1970 to Q3 2024 about residential, HPI, housing, real, price index, indexes, price, and USA.

The report covers Canada Real Estate Companies, and it is segmented on the basis of type (residential, commercial, and other types) and service (property management, valuation services, and other services)

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 All-Transactions House Price Index for Michigan (MISTHPI) from Q1 1975 to Q4 2024 about MI, appraisers, HPI, housing, price index, indexes, price, and USA.

In the second quarter of 2024, the sales growth of the large house market in Indonesia reached around 27.4 percent. During the same period, the overall sales growth of the residential property market in Indonesia reached approximately 7.3 percent.

The statistic shows the value of the construction and real estate software market worldwide from 2015 to 2020. In 2015, the construction and real estate software market was worth 7.7 billion U.S. dollars worldwide.

Zillow reigns supreme in the U.S. real estate website landscape, attracting a staggering 365.8 million monthly visits in 2024. This figure dwarfs its closest competitor, Realtor.com, which garnered less than half of Zillow's traffic. Online platforms are extremely popular, with the majority of homebuyers using a mobile device during the buying process. The rise of Zillow Founded in 2006, the Seattle-headquartered proptech Zillow has steadily grown over the years, establishing itself as the most popular U.S. real estate website. In 2023, the listing platform recorded about 214 million unique monthly users across its mobile applications and website. Despite holding an undisputed position as a market leader, Zillow's revenue has decreased since 2021. A probable cause for the decline is the plummeting of housing transactions and the negative housing sentiment. Performance and trends in the proptech market The proptech market has shown remarkable performance, with companies like Opendoor and Redfin experiencing significant stock price increase in 2023. This growth is particularly notable in the residential brokerage segment. Meanwhile, major players in proptech fundraising, such as Fifth Wall and Hidden Hill Capital, have raised billions in direct investment, further fueling the sector's development. As technology continues to reshape the real estate industry, online platforms like Zillow are likely to play an increasingly crucial role in how people search for and purchase homes. (1477916, 1251604)

China GDP: TI: Real Estate data was reported at 2,218.482 RMB bn in Dec 2024. This records an increase from the previous number of 2,016.400 RMB bn for Sep 2024. China GDP: TI: Real Estate data is updated quarterly, averaging 478.450 RMB bn from Mar 1992 (Median) to Dec 2024, with 132 observations. The data reached an all-time high of 2,412.010 RMB bn in Dec 2020 and a record low of 20.910 RMB bn in Mar 1992. China GDP: TI: Real Estate data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under Global Database’s China – Table CN.AA: Gross Domestic Product: Quarterly.