Housing Report

For 2020, The National Association of REALTORS® Chief Economist Lawrence Yun sees good news for home prices. “National median home price growth is in no danger of falling due to inventory shortages and will rise by 4 percent,” the long-term NAR economist predicts. He is also expecting the new-home construction market sales to increase 10 percent. Yun and others would like to see home builders bring more affordable units to market to help ease shortages and slow price gains in that segment.

New listings increased 0.3 percent for residential homes and 1.6 percent for townhouse/condo homes. Pending sales decreased 21.3 percent for residential homes and 18.4 percent for townhouse/condo homes. Inventory decreased 11.0 percent for residential homes and 0.1 percent for townhouse/condo homes.

Median sales price increased 5.7 percent to $198,700 for residential homes and 4.3 percent to $170,000 for townhouse/condo homes. Days on market increased 3.7 percent for residential homes and 17.9 percent for townhouse/condo homes. Months supply of inventory decreased 9.5 percent for residential homes but increased 7.4 percent for townhouse/condo homes.

We start off the year with continued low interest rates, low unemployment, and rising rents nationally. These factors should encourage healthy buyer demand and sets us up for a strong start to the 2020 housing market and a lot of optimism for the coming spring market.

 

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Housing Report Infographic January
Housing Report Infographic January

2019 Housing Reports Archive

December
December 2019 Infographic
December MARIS Stats

November
November 2019 Infographic
November MARIS Stats

October
October 2019 Infographic
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September
September 2019 Infographic
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August
August 2019 Infographic
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July
July 2019 Infographic
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June
June 2019 Infographic
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May
May 2019 Infographic
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April
April 2019 Infographic
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March
March 2019 Infographic
March MARIS Stats

February
February 2019 Infographic
February MARIS Stats

January
January 2019 Infographic
January MARIS Stats

2018 Housing Reports Archive

December
December 2018 Infographic
December MARIS Stats

November
November 2018 News Release
November 2018 Infographic
November MARIS Stats
November 2018 Video

October
October 2018 News Release
October 2018 Infographic
October MARIS Stats
October 2018 Video

September
September 2018 News Release
September 2018 Infographic
September MARIS Stats
September 2018 Video

August
August 2018 News Release
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August MARIS Stats
August 2018 Video

July
July 2018 News Release
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July MARIS Stats
July 2018 Video

June
June 2018 News Release
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June MARIS Stats
June 2018 Video

May
May 2018 News Release
May 2018 Infographic
May 2018 MARIS Stats
May 2018 Video

April
April 2018 News Release
April 2018 Infographic
April 2018 MARIS Stats
April 2018 Video

March
March 2018 News Release
March 2018 Infographic
March 2018 MARIS Stats
March 2018 Video

February
February 2018 News Release

February 2018 Infographic
February 2018 MARIS Stats
February 2018 Video