Manufacturers InfoStore

Housing Analysis

1-877-275-8647

Median Price Existing Home

  .
MOST RECENT STATISTIC:
Median $178,300
Mean $225,400
PERIOD COVERED: Dec. 2009
Date Released: 01/25/10
Next Released: 02/26/10
12/09 11/09 10/09 12/08
Median Price (000) $178.3 $170.0 $172.2 $175.7
% Change - 4.88% 3.54% 1.48%
Mean Price (000) $225.4 $211.8 $217.3 $217.6
% Change - 6.42% 3.73% 3.58%
Source: National Association of Realtors

Analysis for the Housing Market
By:Ken Lee

In December, the median sales price of an existing home increased to $178,300 from $170,000 in November. This was the second straight month that existing home prices have increased and the highest they have been since July. December was also the first month since August 2007 that existing home prices recorded a year-over-year increase. The median existing home price is 1.48% higher than the same time last year when the median price was $175,700. It is a positive sign for the housing market that we are continuing to see stabilization in home prices.

Every region recorded an annual increase in home prices except for the South. The South region experienced a slight 0.98% decline in home prices from year-ago levels to $152,000 in December. The Northeast region of the country recorded the largest annual increase in prices, gaining 3.16% to $241,700. The West experienced a 2.74% increase in existing home prices from December of last year to $236,000 while the Midwest saw home prices increase 1.78% to $143,200.


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

 

If you would like to purchase in-depth data in your area(s) of interest, check out our Information Store.  Here are a few of our top selling reports:

INFORMATION STORE

Market Health Report BUY SAMPLE
Market Dashboard BUY SAMPLE
Market Forecast BUY SAMPLE
New Home Market Executive Summary BUY SAMPLE
Market Snapshot BUY SAMPLE
Market Monitor BUY SAMPLE
Public Builder Hotness Index BUY SAMPLE
USHM Combo BUY SAMPLE
USHM Flash BUY SAMPLE
USHM National Review BUY SAMPLE
Builder 100 Book BUY SAMPLE
Browse entire information store...

toll free: 1.800.639.3777 | e-mail: hwmisales@hanleywood.com

Homebuilding | Information Store | Exchange | Contact Us
Terms and Conditions | Privacy Policy | View Account | Consulting Services 

© 2010 Hanley Wood, LLC.
All rights reserved. Copyright and Legal Disclaimer