Wednesday, June 08, 2016

Median New House Price at Record High

The wait is over: the median sales price of new single-family houses sold hit an all-time high in 2015, finally surpassing the 2005 peak after adjusting for inflation. Between 2005 and the 2011 post-Great Recession low, the median price of new houses sold fell 18 percent. Since then, the price of new houses has climbed 24 percent. The 2015 price exceeds the 2005 price by 1 percent (or $4,043).

Median price of new single-family houses sold (in 2015 dollars)
2015: $296,400 (new record high)
2014: $283,136
2013: $273,586
2012: $253,128
2011: $239,399 (post-Great Recession low)
2010: $241,087
2009: $239,407
2008: $255,508
2007: $283,380
2006: $289,805
2005: $292,357 (previous record high)

Source: Census Bureau, Characteristics of New Housing

No comments: