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

*All data is unadjusted for seasonality
Median Price% Change from 1 Year Ago
MSA2nd Quarter2nd QuarterPrice
20182019
Atlanta$228,800$239,7004.8%
Baltimore$297,200$308,4003.8%
Boston$495,900$506,7002.2%
Cincinnati$183,900$194,1005.5%
Dallas – Fort Worth$268,200$275,4002.7%
Houston$244,400$249,4002.0%
Indianapolis$194,100$203,3004.7%
Kansas City$215,000$227,0005.6%
Miami – Fort Lauderdale$353,000$360,0002.0%
Minneapolis – St. Paul$280,200$294,1005.0%
New Orleans$216,100$228,7005.8%
New York – Northern New Jersey – Long Island$378,500$383,2001.2%
Philadelphia$236,100$254,2007.7%
Phoenix$272,000$285,5005.0%
Portland$407,100$415,3002.0%
Saint Louis$185,700$194,8004.9%
San Antonio$230,300$238,8003.7%
San Diego$645,000$655,0001.6%
Washington$443,100$456,5003.0%
U.S.$268,000$279,6004.3%
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

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October 17, 2019

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

Single-family authorizations in September were at a rate of 882,000; this is 0.8 percent above the revised August figure of 875,000. Single-family housing starts in September were at a rate of 918,000; this is 0.3 percent above the revised August figure of 915,000. Single-family housing completions in September were at a rate of 852,000; this is 8.6 percent below the revised August figure of 932,000.

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October 1, 2019

Construction Spending (U.S. Department of Commerce)

Construction spending during August 2019 was estimated at a seasonally adjusted annual rate of $1,287.3 billion, 0.1 percent above the revised July estimate of $1,285.6 billion. The August figure is 1.9 percent below the August 2018 estimate of $1,312.2 billion. During the first eight months of this year, construction spending amounted to $851.3 billion, 2.3 percent below the $871.3 billion for the same period in 2018.

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September 26, 2019

August Pending Home Sales (National Association of Realtors)

The pending home sales index climbed 1.6% to 107.3 in August, reversing the prior month’s decrease. Year-over-year contract signings jumped 2.5%. An index of 100 is equal to the average level of contract activity.

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September 25, 2019

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

Sales of new single-family houses in August 2019 were at a seasonally adjusted annual rate of 713,000. This is 7.1 percent above the revised July rate of 666,000 and is 18.0 percent above the August 2018 estimate of 604,000.

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September 19, 2019

August Existing Home Sales (National Association of Realtors)

Existing-home sales rose 1.3% from July to a seasonally adjusted annual rate of 5.49 million in August. Overall sales are up 2.6% from a year ago (5.35 million in August 2018).

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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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