Key Takeaways
- In Q4 2023, U.S. existing-home sales fell 4.3% month-over-month to a seasonally adjusted annual rate of 3.78 million units.
- Existing-home sales in the U.S. reached 4.09 million units in 2023, a 19.5% decline from 5.03 million in 2022.
- U.S. new single-family home sales averaged 668,000 units at a seasonally adjusted annual rate in 2023.
- In the Northeast U.S., existing-home sales totaled 460,000 units in 2023.
- Southern U.S. region saw 1.78 million existing-home sales in 2023.
- Midwest existing-home sales reached 890,000 units annually in 2023.
- U.S. national median existing-home price was $389,800 in Q4 2023.
- New single-family home median sales price reached $417,400 in Feb 2024.
- U.S. average home sale price hit $499,800 in 2023 per Redfin data.
- U.S. months' supply of homes at 3.3 months in Feb 2024.
- National active listings for sale rose 13.5% YoY to 1.1 million in March 2024.
- New home inventory stood at 462,000 units nationally in Feb 2024.
- U.S. average days on market for homes sold was 29 days in Feb 2024.
- Median days on market nationally increased to 65 days in Jan 2024.
- U.S. homes sold in under 30 days share fell to 30% in Q1 2024.
The U.S. housing market cooled in 2023 with sales dropping and prices rising slowly.
Buyer/Seller Demographics
Buyer/Seller Demographics Interpretation
Home Price Statistics
Home Price Statistics Interpretation
Housing Inventory Statistics
Housing Inventory Statistics Interpretation
Market Time and Trends Statistics
Market Time and Trends Statistics Interpretation
National Sales Statistics
National Sales Statistics Interpretation
Regional Sales Statistics
Regional Sales Statistics Interpretation
Sources & References
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- Reference 2CENSUScensus.govVisit source
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- Reference 4REDFINredfin.comVisit source
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- Reference 22ORLANDOREALTORSorlandorealtors.orgVisit source
- Reference 23ABORabor.comVisit source
- Reference 24ZILLOWzillow.comVisit source
- Reference 25CORELOGICcorelogic.comVisit source






