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

January 17, 2020

New Residential Construction(U.S. Department of Commerce)
Single-family authorizations in December were at a rate of 916,000; this is 0.5 percent below the revised November figure of 921,000. Single-family housing starts in December were at a rate of 1,055,000; this is 11.2 percent above the revised November figure of 949,000. Single-family housing completions in December were at a rate of 912,000; this is 0.7 percent above the revised November rate of 906,000.

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January 3, 2020

Construction Spending (U.S. Department of Commerce)
Construction spending during November 2019 was estimated at a seasonally adjusted annual rate of $1,324.1 billion, 0.6 percent above the revised October estimate of $1,316.8 billion. The November figure is 4.1 percent above the November 2018 estimate of $1,271.4 billion. During the first eleven months of this year, construction spending amounted to $1,201.6 billion, 0.8 percent below the $1,211.8 billion for the same period in 2018.

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December 30, 2019

November Pending Home Sales (National Association of Realtors)
The pending home sales index rose 1.2% to 108.5 in November. Year-over-year contract signings jumped 7.4%. An index of 100 is equal to the level of contract activity in 2001.

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December 23, 2019

New Residential Sales (U.S. Department of Commerce)
Sales of new single-family houses in November 2019 were at a seasonally adjusted annual rate of 719,000. This is 1.3 percent above the revised October rate of 710,000, and is 16.9 percent above the November 2018 estimate of 615,000.

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December 19, 2019

November Existing Home Sales (National Association of Realtors)
Total existing home sales decreased 1.7% from October to a seasonally-adjusted annual rate of 5.35 million in November. However, sales are up 2.7% from a year ago (5.21 million in November 2018).

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December 17, 2019

New Residential Construction(U.S. Department of Commerce)
Single-family authorizations in November were at a rate of 918,000; this is 0.8 percent above the revised October figure of 911,000. Single-family housing starts in November were at a rate of 938,000; this is 2.4 percent above the revised October figure of 916,000. Single-family housing completions in November were at a rate of 883,000; this is 3.6 percent below the revised October rate of 916,000.

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