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

*All data is unadjusted for seasonality
Median Price% Change from 1 Year Ago
MSA3rd Quarter3rd QuarterPrice
20182019
Atlanta$224,100$238,1006.2%
Baltimore$300,900$313,5004.2%
Boston$491,400$507,4003.3%
Cincinnati$179,100$192,1007.3%
Dallas – Fort Worth$262,100$271,1003.4%
Houston$240,200$248,9003.6%
Indianapolis$188,900$206,8009.5%
Kansas City$204,900$222,4008.5%
Miami – Fort Lauderdale$355,000$365,0002.8%
Minneapolis – St. Paul$274,500$290,8005.9%
New Orleans$216,000$225,7004.5%
New York – Northern New Jersey – Long Island$392,200$400,1002.0%
Philadelphia$240,600$256,2006.5%
Phoenix$272,700$289,2006.1%
Portland$399,300$416,1004.2%
Saint Louis$182,000$193,8006.5%
San Antonio$231,800$240,6003.8%
San Diego$650,000$645,000-0.8%
Washington$426,000$439,8003.2%
U.S.$266,500$280,2005.1%
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

December 2, 2019

Construction Spending (U.S. Department of Commerce)
Construction spending during October 2019 was estimated at a seasonally adjusted annual rate of $1,291.1 billion, 0.8 percent below the revised September estimate of $1,301.8 billion. The October figure is 1.1 percent above the October 2018 estimate of $1,277.4 billion. During the first ten months of this year, construction spending amounted to $1,086.5 billion, 1.7 percent below the $1,105.2 billion for the same period in 2018.

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November 27, 2019

October Pending Home Sales (National Association of Realtors)
The pending home sales index fell 1.7% to 106.7 in October. Year-over-year contract signings jumped 4.4%. An index of 100 is equal to the level of contract activity in 2001.

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November 26, 2019

New Residential Sales (U.S. Department of Commerce)
Sales of new single-family houses in October 2019 were at a seasonally adjusted annual rate of 733,000. This is 0.7 percent below the revised September rate of 738,000, but is 31.6 percent above the October 2018 estimate of 557,000.

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November 21, 2019

October Existing Home Sales (National Association of Realtors)
Total existing home sales increased 1.9% from September to a seasonally-adjusted annual rate of 5.46 million in October. Despite lingering regional variances, overall sales are up 4.6% from a year ago (5.22 million in October 2018).

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November 19, 2019

New Residential Construction(U.S. Department of Commerce)
Single-family authorizations in October were at a rate of 909,000; this is 3.2 percent above the revised September figure of 881,000. Single-family housing starts in October were at a rate of 936,000; this is 2.0 percent above the revised September figure of 918,000. Single-family housing completions in October were at a rate of 897,000; this is 4.5 percent above the revised September rate of 858,000.

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