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Median Price Existing Home
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. |
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|
 |
| MOST RECENT STATISTIC: |
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|
|
| Median |
$182,600 |
| Mean |
$232,200 |
| PERIOD COVERED: |
July 2010 |
| Date Released: |
08/24/10 |
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|
|
| Next Released: |
09/23/10 |
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|
|
|
|
|
07/10 |
06/10 |
05/10 |
07/09 |
|
|
| Median Price (000) |
$182.6 |
$183.0 |
$174.6 |
$181.3 |
|
| % Change |
- |
(0.22%) |
4.58% |
0.72% |
|
| Mean Price (000) |
$232.2 |
$230.0 |
$220.9 |
$227.2 |
|
| % Change |
- |
0.96% |
5.12% |
2.20% |
|
|
| Source:
National Association of Realtors |
Analysis for the Housing Market
By:Ken Lee
In July, the median sales price of an existing home decreased to $182,600 from $183,000 in June. This was the first monthly decline in prices since February. Despite falling demand in the past several months, it is a positive sign that existing home prices have held steady. The median existing home price is 0.7% higher than the same time last year when the median price was $181,300.
Two out of four regions recorded an annual decline in existing home prices. The Northeast region experienced a 4.8% increase in median existing home prices from the same year-ago period to $263,800. The West region was the other region to post an annual increase with a 3.3% gain to $224,800. Median existing home prices in the South fell 3.3% to $156,300 while home prices in the Midwest declined 2.8% from year-ago levels to $151,600.
Definitions and Importance for the Housing Market
By:Ken Lee
Primary data for existing home sale prices is supplied by the National Association of REALTORS® Economic Research Group. Data available includes the price of homes that have been previously owned and occupied only. Figures are released monthly. The median price indicates the mid-point of existing home prices; one-half of home prices are above and one-half home prices are below the median price. The median price differs in definition from the mean existing home price, which is the average of all existing home prices.
For additional information on existing home prices, go to: http://nar.realtor.com/research/home.htm
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