GITNUX MARKETDATA REPORT 2024

Must-Know Home Sale Statistics [Recent Analysis]

In this post, we will explore a comprehensive overview of home sale statistics in the United States, covering key figures such as the number of homes sold, median sale prices, market trends, buyer demographics, mortgage rates, and more. Let’s dive into the data to gain valuable insights into the housing market landscape.

Statistic 1

"In 2020, there were approximately 5.64 million homes sold in the United States."

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Statistic 2

"The median home sale price in the United States in 2020 was $269,039."

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Statistic 3

"Existing-home sales surged 20.7% on a year-over-year basis in November 2021."

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Statistic 4

"In September 2021, 65% of homes sold were on the market for less than a month."

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Statistic 5

"In 2019, the homeownership rate in the U.S. was 64.6%."

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Statistic 6

"The share of first-time homebuyers was 32% in October 2021."

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Statistic 7

"In Q2 2021, 27% of homebuyers were millennials."

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Statistic 8

"The percentage of cash sales in Q2 2021 was 21%."

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Statistic 9

"The average size of new homes sold in the United States in 2020 was 2,333 square feet."

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Statistic 10

"As of November 2021, the inventory of unsold homes in the U.S. was 1.11 million units."

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Statistic 11

"14% of homebuyers purchased a new home in the U.S. in 2020."

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Statistic 12

"In 2020, the median down payment for a new home in the United States was 6%."

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Statistic 13

"The average 30-year fixed mortgage rate in the United States in November 2021 was 3.10%."

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Statistic 14

"In the second quarter of 2021, the average homeowner gained $51,500 in home equity year-over-year."

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Statistic 15

"In October 2021, approximately 25.6% of homes for sale in the United States had a price decrease."

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The real estate market in the United States has shown resilience and dynamism, as evidenced by the significant statistics on home sales and trends. The surge in existing-home sales in November 2021, along with a high percentage of homes sold within a month in September 2021, reflects a robust demand for housing. Factors such as the rise in first-time homebuyers and millennials entering the market, coupled with low mortgage rates and high home equity gains, contribute to a competitive landscape. However, challenges such as limited inventory and fluctuating pricing indicate a complex and evolving market environment that necessitates careful consideration for both buyers and sellers alike.

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