Fourth Quarter 2018 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
Dallas – Fort Worth$246,100$254,9003.6%
Kansas City$193,800$204,0005.3%
Miami – Fort Lauderdale$335,000$350,0004.5%
Minneapolis – St. Paul$250,200$271,2008.4%
New Orleans$200,000$206,6003.3%
New York – Northern New Jersey – Long Island$372,900$371,300-0.4%
Saint Louis$166,700$174,1004.4%
San Antonio$217,800$229,1005.2%
San Diego$610,000$626,0002.6%
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

April 23, 2019

New Residential Sales (U.S. Department of Commerce)

Sales of new single-family houses in March 2019 were at a seasonally adjusted annual rate of 692,000. This is 4.5 percent above the revised February rate of 662,000 and is 3.0 percent above the March 2018 estimate of 672,000.

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April 22, 2019

March Existing Home Sales (National Association of Realtors)

Existing-home sales fell 4.9% from February to a seasonally adjusted annual rate of 5.21 million in March. Sales as a whole are down 5.4% from a year ago (5.51 million in March 2018).

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April 19, 2019

New Residential Construction (U.S. Department of Commerce)

Single-family authorizations in March were at a rate of 808,000; this is 1.1 percent below the revised February figure of 817,000. Single-family housing starts in March were at a rate of 785,000; this is 0.4 percent below the revised February figure of 788,000. Single-family housing completions in March were at a rate of 38,000; this is 11.9 percent above the revised February rate of 838,000.

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April 1, 2019

Construction Spending (U.S. Department of Commerce)

Construction spending during February 2019 was estimated at a seasonally adjusted annual rate of $1,320.3 billion, 1.0 percent above the revised January estimate of $1,307.3 billion. The February figure is 1.1 percent above the February 2018 estimate of $1,305.5 billion.

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March 28, 2019

February Pending Home Sales (National Association of Realtors)

The pending home sales index decreased 1.0 percent to 101.9 in February, down from 102.9 in January. Year-over-year contract signings declined 4.9 percent, making this the fourteenth straight month of annual decreases.

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November 15, 2017

Commercial Real Estate Outlook (National Association of Realtors)

Office vacancy rates are forecast to retreat 1.1 percent to 11.9 percent over the coming year as economic underpinnings advance at a moderate pace and commercial fundamentals are expected to maintain an upward trajectory. Industrial vacancy rates are expected to decline 1.1 percent to 7.8 percent, as the sector continues to ride the tail winds of trade and e-commerce. Retail availability is expected to decrease 0.4 percent to 11.7 percent; store closures have dampened the outlook but consumer spending and shopping patterns are likely to continue demand for space. Multifamily vacancy rates are predicted to change very little, down 0.4 percent to 6.1 percent, as rising household formation and a shortage of residential housing keep vacancies in check, even with rising new supply.

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