Fourth Quarter 2019 Metro Area Existing Single-Family Home Sales and Prices

*All data is unadjusted for seasonality
Median Price% Change from 1 Year Ago
MSA4th Quarter4th QuarterPrice
20182019
Atlanta$216,100$232,0007.3%
Baltimore$280,200$294,1005.0%
Boston$460,300$482,8004.9%
Cincinnati$169,400$180,4006.5%
Dallas – Fort Worth$254,900$268,6005.4%
Houston$237,900$245,7003.3%
Indianapolis$185,200$200,4008.2%
Kansas City$204,000$215,6005.7%
Miami – Fort Lauderdale$350,000$368,5005.3%
Minneapolis – St. Paul$271,200$287,0005.8%
New Orleans$206,600$223,5008.2%
New York – Northern New Jersey – Long Island$403,900$428,0006.0%
Philadelphia$224,600$241,8007.7%
Phoenix$272,700$295,4008.3%
Portland$389,000$410,9005.6%
Saint Louis$174,100$184,8006.1%
San Antonio$229,100$237,3003.6%
San Diego$626,000$655,0004.6%
Washington$417,400$436,2004.5%
U.S.$258,000$274,9006.6%
NOTE: There are differences between this data and locally reported data because of differences in methodology, which may include geographic coverage and housing types. More importantly, there generally is a parallel between the percentage changes over time that is typically seen even when using different methodologies.

Economic Indicators

May 1, 2020

Construction Spending (U.S. Department of Commerce)
Construction spending during March 2020 was estimated at a seasonally adjusted annual rate of $1,360.5 billion, 0.9 percent above the revised February estimate of $1,348.4 billion. The March figure is 4.7 percent above the March 2019 estimate of $1,299.1 billion.

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April 29, 2020

March Pending Home Sales (National Association of Realtors)
The pending home sales index decreased 20.8% to 88.2 in March. Year-over-year, contract signings declined 16.3%. An index of 100 is equal to the level of contract activity in 2001.

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April 23, 2020

New Residential Sales (U.S. Department of Commerce)
Sales of new single-family houses in March 2020 were at a seasonally adjusted annual rate of 627,000. This is 15.4 percent below the revised February rate of 741,000 and is 9.5 percent below the March 2019 estimate of 693,000.

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April 21, 2020

March Existing Home Sales (National Association of Realtors)
Total existing home sales dropped 8.5% from February to a seasonally-adjusted annual rate of 5.27 million in March. Despite the decline, overall sales increased year-over-year for the ninth straight month, up 0.8% from a year ago (5.23 million in March 2019).

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April 16, 2020

New Residential Construction (U.S. Department of Commerce)
Single-family housing authorizations in March were at a rate of 884,000; this is 12.0 percent below the revised February figure of 1,005,000. Single-family housing starts in March were at a rate of 856,000; this is 17.5 percent below the revised February figure of 1,037,000. Single-family housing completions in March were at a rate of 863,000; this is 15.0 percent below the revised February rate of 1,015,000.

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March 18, 2020

New Residential Construction(U.S. Department of Commerce)
Single-family authorizations in February were at a rate of 1,004,000; this is 1.7 percent above the revised January figure of 987,000. Single-family housing starts in February were at a rate of 1,072,000; this is 6.7 percent above the revised January figure of 1,005,000. Single-family housing completions in February were at a rate of 1,027,000; this is 14.1 percent above the revised January rate of 900,000.

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