United States Listings w/ Price Drops: Townhouse: Price, UT data was reported at 50.000 % in Oct 2017. This stayed constant from the previous number of 50.000 % for Apr 2017. United States Listings w/ Price Drops: Townhouse: Price, UT data is updated monthly, averaging 50.000 % from Aug 2016 (Median) to Oct 2017, with 3 observations. The data reached an all-time high of 66.667 % in Aug 2016 and a record low of 50.000 % in Oct 2017. United States Listings w/ Price Drops: Townhouse: Price, UT data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB041: Listings with Price Drops: by Metropolitan Areas.

The U.S. housing market continues to evolve, with the median home price forecast to reach ******* U.S. dollars by the second quarter of 2026. This projection comes after a period of significant growth and recent fluctuations, reflecting the complex interplay of economic factors affecting the real estate sector. The rising costs have not only impacted home prices, but also down payments, with the median down payment more than doubling since 2012. Regional variations in housing costs Home prices and down payments vary dramatically across the United States. While the national median down payment stood at approximately ****** U.S. dollars in early 2024, homebuyers in states like California, Massachusetts, and Hawaii faced down payments exceeding ****** U.S. dollars. This disparity highlights the challenges of homeownership in high-cost markets and underscores the importance of location in determining housing affordability. Market dynamics and future outlook The housing market has shown signs of cooling after years of rapid growth, with more modest price increases of *** percent in 2022 and *** percent in 2023. This slowdown can be attributed in part to rising mortgage rates, which have tempered demand. Despite these challenges, most states continued to see year-over-year price growth in the fourth quarter of 2023, with Rhode Island and Vermont leading the pack at over ** percent appreciation. As the market adjusts to new economic realities, potential homebuyers and investors alike will be watching closely for signs of stabilization or renewed growth in the coming years.

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.

United States Listings w/ Price Drops: Townhouse: Ogden, UT data was reported at 27.586 % in Jul 2020. This records a decrease from the previous number of 28.947 % for Jun 2020. United States Listings w/ Price Drops: Townhouse: Ogden, UT data is updated monthly, averaging 18.158 % from Apr 2015 (Median) to Jul 2020, with 64 observations. The data reached an all-time high of 36.552 % in Oct 2019 and a record low of 6.931 % in Feb 2020. United States Listings w/ Price Drops: Townhouse: Ogden, UT data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB041: Listings with Price Drops: by Metropolitan Areas.

The MSL townhouse price index measures the development of townhouse prices in Canada since 2005. As of *************, the index value stood at *****, which means that the price of townhouses rose more than three-fold since 2005. While single family housing followed a similar trend, apartments experienced just a mild drop in 2022.

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.

United States Listings w/ Price Drops: Townhouse: Heber, UT data was reported at 22.093 % in Jul 2020. This records an increase from the previous number of 18.605 % for Jun 2020. United States Listings w/ Price Drops: Townhouse: Heber, UT data is updated monthly, averaging 23.303 % from Apr 2015 (Median) to Jul 2020, with 64 observations. The data reached an all-time high of 61.290 % in Aug 2016 and a record low of 5.263 % in Nov 2019. United States Listings w/ Price Drops: Townhouse: Heber, UT data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB041: Listings with Price Drops: by Metropolitan Areas.

United States Listings w/ Price Drops: Townhouse: Olympia, WA data was reported at 12.500 % in Jul 2020. This records a decrease from the previous number of 75.000 % for Jun 2020. United States Listings w/ Price Drops: Townhouse: Olympia, WA data is updated monthly, averaging 22.222 % from Feb 2012 (Median) to Jul 2020, with 99 observations. The data reached an all-time high of 75.000 % in Jun 2020 and a record low of 3.846 % in Dec 2015. United States Listings w/ Price Drops: Townhouse: Olympia, WA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB041: Listings with Price Drops: by Metropolitan Areas.

The median sales price of new homes sold in the United States increased steadily from 1965 to 2023. In 2023, a newly built home cost approximately ******* U.S. dollars. That was a decline of nearly ****** U.S. dollars and the first decrease since 2018. Prices varied greatly across different regions in the country, with the most expensive housing found in the Northeast region.

United States Listings w/ Price Drops: Townhouse: Hot Springs, AR data was reported at 16.667 % in Jun 2020. This records an increase from the previous number of 14.286 % for Apr 2020. United States Listings w/ Price Drops: Townhouse: Hot Springs, AR data is updated monthly, averaging 12.121 % from Jun 2015 (Median) to Jun 2020, with 54 observations. The data reached an all-time high of 37.500 % in Oct 2019 and a record low of 2.941 % in Dec 2015. United States Listings w/ Price Drops: Townhouse: Hot Springs, AR data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB041: Listings with Price Drops: by Metropolitan Areas.

United States Listings w/ Price Drops: Townhouse: New Orleans, LA data was reported at 18.182 % in Jul 2020. This records a decrease from the previous number of 43.750 % for Jun 2020. United States Listings w/ Price Drops: Townhouse: New Orleans, LA data is updated monthly, averaging 17.757 % from May 2015 (Median) to Jul 2020, with 63 observations. The data reached an all-time high of 43.750 % in Jun 2020 and a record low of 4.673 % in Dec 2015. United States Listings w/ Price Drops: Townhouse: New Orleans, LA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB041: Listings with Price Drops: by Metropolitan Areas.

United States Listings w/ Price Drops: Townhouse: Rochester, NY data was reported at 16.162 % in Jul 2020. This records a decrease from the previous number of 22.472 % for Jun 2020. United States Listings w/ Price Drops: Townhouse: Rochester, NY data is updated monthly, averaging 17.647 % from May 2015 (Median) to Jul 2020, with 63 observations. The data reached an all-time high of 33.607 % in Oct 2019 and a record low of 8.475 % in Dec 2017. United States Listings w/ Price Drops: Townhouse: Rochester, NY data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB041: Listings with Price Drops: by Metropolitan Areas.

United States Listings w/ Price Drops: Townhouse: Appleton, WI data was reported at 25.000 % in Nov 2019. This records an increase from the previous number of 20.000 % for Oct 2019. United States Listings w/ Price Drops: Townhouse: Appleton, WI data is updated monthly, averaging 12.500 % from Dec 2014 (Median) to Nov 2019, with 36 observations. The data reached an all-time high of 100.000 % in Dec 2017 and a record low of 2.941 % in May 2015. United States Listings w/ Price Drops: Townhouse: Appleton, WI data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB041: Listings with Price Drops: by Metropolitan Areas.

United States Listings w/ Price Drops: Townhouse: Las Vegas, NV data was reported at 23.562 % in Jul 2020. This records an increase from the previous number of 18.968 % for Jun 2020. United States Listings w/ Price Drops: Townhouse: Las Vegas, NV data is updated monthly, averaging 14.926 % from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 31.563 % in Oct 2018 and a record low of 5.616 % in Dec 2012. United States Listings w/ Price Drops: Townhouse: Las Vegas, NV data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB041: Listings with Price Drops: by Metropolitan Areas.

United States Listings w/ Price Drops: Townhouse: Salt Lake City, UT data was reported at 34.483 % in Jul 2020. This records a decrease from the previous number of 43.523 % for Jun 2020. United States Listings w/ Price Drops: Townhouse: Salt Lake City, UT data is updated monthly, averaging 17.083 % from Apr 2015 (Median) to Jul 2020, with 64 observations. The data reached an all-time high of 46.824 % in Oct 2018 and a record low of 7.508 % in Mar 2017. United States Listings w/ Price Drops: Townhouse: Salt Lake City, UT data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB041: Listings with Price Drops: by Metropolitan Areas.

United States Listings w/ Price Drops: Townhouse: California, MD data was reported at 17.857 % in Jul 2020. This records an increase from the previous number of 12.195 % for Jun 2020. United States Listings w/ Price Drops: Townhouse: California, MD data is updated monthly, averaging 18.634 % from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 47.368 % in May 2018 and a record low of 2.128 % in Jan 2020. United States Listings w/ Price Drops: Townhouse: California, MD data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB041: Listings with Price Drops: by Metropolitan Areas.

United States Listings w/ Price Drops: Townhouse: Ocean City, NJ data was reported at 15.741 % in Jul 2020. This records a decrease from the previous number of 21.552 % for Jun 2020. United States Listings w/ Price Drops: Townhouse: Ocean City, NJ data is updated monthly, averaging 14.927 % from Oct 2014 (Median) to Jul 2020, with 70 observations. The data reached an all-time high of 22.660 % in May 2019 and a record low of 1.144 % in Oct 2014. United States Listings w/ Price Drops: Townhouse: Ocean City, NJ data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB041: Listings with Price Drops: by Metropolitan Areas.

United States Listings w/ Price Drops: Townhouse: Tucson, AZ data was reported at 14.545 % in Jul 2020. This records an increase from the previous number of 12.500 % for Jun 2020. United States Listings w/ Price Drops: Townhouse: Tucson, AZ data is updated monthly, averaging 14.887 % from Nov 2013 (Median) to Jul 2020, with 81 observations. The data reached an all-time high of 25.126 % in Mar 2019 and a record low of 9.488 % in Dec 2016. United States Listings w/ Price Drops: Townhouse: Tucson, AZ data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB041: Listings with Price Drops: by Metropolitan Areas.

United States Listings w/ Price Drops: Townhouse: Salinas, CA data was reported at 15.385 % in Jul 2020. This records an increase from the previous number of 7.692 % for May 2020. United States Listings w/ Price Drops: Townhouse: Salinas, CA data is updated monthly, averaging 15.959 % from Feb 2012 (Median) to Jul 2020, with 98 observations. The data reached an all-time high of 75.000 % in Jan 2014 and a record low of 4.167 % in Feb 2013. United States Listings w/ Price Drops: Townhouse: Salinas, CA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB041: Listings with Price Drops: by Metropolitan Areas.

United States Listings w/ Price Drops: Townhouse: Fond du Lac, WI data was reported at 50.000 % in May 2020. This stayed constant from the previous number of 50.000 % for Oct 2019. United States Listings w/ Price Drops: Townhouse: Fond du Lac, WI data is updated monthly, averaging 33.333 % from Jan 2015 (Median) to May 2020, with 19 observations. The data reached an all-time high of 66.667 % in Jul 2017 and a record low of 9.091 % in Mar 2015. United States Listings w/ Price Drops: Townhouse: Fond du Lac, WI data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB041: Listings with Price Drops: by Metropolitan Areas.