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

April 1, 2020

Construction Spending (U.S. Department of Commerce)
Construction spending during February 2020 was estimated at a seasonally adjusted annual rate of $1,366.7 billion, 1.3 percent below the revised January estimate of $1,384.5 billion. The February figure is 6.0 percent above the February 2019 estimate of $1,289.0 billion.

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March 31, 2020

February Pending Home Sales (National Association of Realtors)
The pending home sales index grew 2.4% to 111.5 in February. Year-over-year contract signings increased 9.4%. An index of 100 is equal to the level of contract activity in 2001.

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March 24, 2020

New Residential Sales (U.S. Department of Commerce)
Sales of new single-family houses in February 2020 were at a seasonally adjusted annual rate of 765,000. This is 4.4 percent below the revised January rate of 800,000, but is 14.3 percent above the February 2019 estimate of 669,000.

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March 20, 2020

February Existing Home Sales (National Association of Realtors)
Total existing home sales rose 6.5% from January to a seasonally-adjusted annual rate of 5.77 million in February. Additionally, for the eighth straight month, overall sales greatly increased year-over-year, up 7.2% from a year ago (5.38 million in February 2019).

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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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February 19, 2020

New Residential Construction(U.S. Department of Commerce)
Single-family authorizations in January were at a rate of 987,000; this is 6.4 percent above the revised December figure of 928,000. Single-family housing starts in January were at a rate of 1,010,000; this is 5.9 percent below the revised December figure of 1,073,000. Single-family housing completions in January were at a rate of 877,000; this is 3.5 percent below the revised December rate of 909,000.

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