US median sales prices for existing single-family homes reached 412300 dollars. Office vacancy rates climbed to 19.8 percent. Figures across residential ownership, commercial leases, and rental costs show where demand has concentrated and where it has not.
Key Takeaways
- The US office vacancy rate reached 19.8% in Q4 2023, highest since 2010 according to CBRE.
- In 2023, 65.7% of US households owned their primary residence per Census ACS.
- National median home price index rose 5.1% YoY to 314.65 in November 2023 per FHFA.
- The national average apartment rent grew 2.1% YoY to $1,682 in December 2023 per RentCafe.
- In 2023, the median sales price of existing single-family homes in the United States reached $412,300, marking a 5.7% year-over-year increase according to the National Association of Realtors.
Home prices rose across the market, with steady demand suggesting continued growth in the months ahead.
Related reading
01 · Category
Commercial Real Estate20 stats
01
The US office vacancy rate reached 19.8% in Q4 2023, highest since 2010 according to CBRE.
02
Industrial warehouse asking rents in the US averaged $8.45per sq ft in 2023, up 7.2% YoY per CBRE.
03
Retail vacancy rate nationally was 5.3% in Q4 2023, stable from prior year per ICSC.
04
US multifamily vacancy rate fell to 6.5% in Q4 2023 from 7.2% prior per NMHC.
05
Downtown office asking rents in major US cities averaged $50.92psf in 2023 per JLL.
06
Net absorption of industrial space in US was 280 million sq ft in 2023 per JLL.
07
Hotel occupancy rate in US averaged 63.2% in 2023, recovering to 90% of 2019 levels per STR.
08
Construction starts for US commercial buildings totaled 1.2 billion sq ft in 2023, down 15% YoY per Census.
09
Average cap rate for US office properties was 7.8% in Q4 2023 per NCREIF.
10
Retail sales per sq ft in top US malls averaged $650in 2023 per Green Street.
11
US flex space vacancy was 8.1% in Q4 2023 per Cushman & Wakefield.
12
Data center inventory in US grew 20% to 5,237 MW in 2023 per CBRE.
13
Suburban office vacancy rate hit 21.5% nationally in 2023 per Colliers.
14
Medical office net absorption was 2.1 million sq ft in Q4 2023 per C&W.
15
US logistics rent growth was 5.9% YoY in primary markets in 2023 per Prologis.
16
Hotel RevPAR grew 8.1% YoY to $110.61 in 2023 per STR.
17
Net lease retail cap rates compressed to 6.2% in Q4 2023 per Net Lease Advisory Group.
18
US office construction pipeline was 300 million sq ft under construction in 2023 per Dodge Data.
19
Big-box retail vacancy was 4.2% nationally in 2023 per Reconstruct.
20
Average US apartment absorption was 240,000 units in Q4 2023 per Yardi Matrix.
Interpretation
Commercial Real Estate Interpretation
The commercial property market is telling us to put our things in boxes, rent a cozy apartment, shop for bargains, and check into a hotel, but don't you dare ask about a desk at the office.
02 · Category
Property Ownership and Demographics20 stats
01
In 2023, 65.7% of US households owned their primary residence per Census ACS.
02
Black homeownership rate was 44.1% in 2023, compared to 73.6% for whites per Census.
03
Median age of US homebuyers was 56 in 2023 per NAR Profile.
04
Immigrant households owned 17% of US homes in 2023 despite being 13% of population per NAHB.
05
Share of female-headed renter households was 32% in 2023 per HUD.
06
Baby boomer households owned 38% of large US homes (3+ bedrooms) in 2023 per NAR.
07
Homeownership rate for US households under $50k income was 47% in 2023 per Fed SCF.
08
15.5 million US vacant homes were seasonally vacant (e.g., vacation) in 2023 per Census.
09
Hispanic homeownership rate reached 49.1% in Q3 2023 per Census.
10
Share of multigenerational households owning homes was 25% in 2023 per Pew Research.
11
Empty-nester boomers accounted for 28% of home sales in 2023 per NAR.
12
Ownership rate among US veterans was 72.3% in 2023 per VA.
13
41% of US renters plan to buy within 2 years per 2023 NMHC/Kingsley survey.
14
Asian American homeownership rate was 63.1% in 2023 per Census.
15
Number of US owner-occupied homes valued over $1 million grew 20% to 8.5 million since 2020 per Redfin.
16
Homeownership gap between married and single buyers was 15% in 2023 per NAR.
17
Rural US homeownership rate was 79.1% vs 63.8% urban in 2023 per ERS USDA.
18
Share of homes owned free-and-clear (no mortgage) was 40% in Q3 2023 per Fed.
19
Gen Z homeownership rate was 26% for ages 25-29 in 2023 per Urban Institute.
20
Institutional investors owned 22% of single-family homes in Atlanta in 2023 per Urban Institute.
Interpretation
Property Ownership and Demographics Interpretation
While the American dream of homeownership is technically alive and kicking, the statistics paint a clear picture of a market meticulously sorted by age, race, wealth, and zip code, where your keys are less a reward for hard work and more a badge of your demographic lottery ticket.
03 · Category
Property Prices and Values21 stats
01
National median home price index rose 5.1% YoY to 314.65 in November 2023 per FHFA.
02
S&P CoreLogic Case-Shiller National Home Price Index increased 5.8% YoY in October 2023.
03
Zillow Home Value Index for US was $347,781in January 2024, up 3.9% from prior year.
04
Average price per square foot for US homes was $204in Q4 2023 per ATTOM.
05
UK average house price was £288,000 in 2023, up 2.4% YoY per UK Land Registry.
06
In Canada, national average home price fell 1.6% YoY to C$686,594 in December 2023 per CREA.
07
CoreLogic Home Price Index rose 4.2% YoY for single-family homes in November 2023.
08
Median price of condos in US was $370,000in Q3 2023, up 3% YoY per NAR.
09
Black Knight Home Price Index showed 5.3% YoY growth as of December 2023: June 2026.
10
In Australia, median dwelling price was A$802,465in Q4 2023 per CoreLogic RP Data.
11
US luxury home prices (top 5%) grew 7.1% YoY in 2023 per Redfin.
12
Price-to-income ratio for US metros averaged 5.2 in 2023 per Demographia.
13
Median manufactured home value was $147,000in 2023 per MHInsider.
14
Price per acre of US farmland averaged $4,080in 2023 per USDA.
15
In India, residential property prices in top 7 cities rose 6.5% YoY in H2 2023 per Knight Frank.
16
Rental yield for US residential properties averaged 5.8% in 2023 per Global Property Guide.
17
House price-to-rent ratio in US was 22.5 in Q3 2023 per OECD.
18
Median townhouse price in US was $385,000in 2023 per NAR.
19
Commercial property price index for US offices fell 10.2% in 2023 per MSCI.
20
Value of US residential real estate stock was $49.7 trillion in Q3 2023 per Fed Z.1 Financial Accounts.
21
US home price forecast for 2024 is +3.5% growth per MBA.
Interpretation
Property Prices and Values Interpretation
While housing markets globally show varied resilience—with Canada and US offices taking a dive while luxury pads and Indian properties sizzle—the overarching story is that owning a roof over your head continues to outpace incomes, making the prospect of homeownership feel a bit like a polite but firm game of keep-away.
More related reading
04 · Category
Rental and Leasing Market23 stats
01
The national average apartment rent grew 2.1% YoY to $1,682 in December 2023 per RentCafe.
02
US single-family rental vacancy rate was 5.8% in Q3 2023 per Census Housing Vacancy Survey.
03
Median rent for 2-bedroom apartments in New York City was $4,250in 2023 per StreetEasy.
04
National multifamily rent growth slowed to 0.9% YoY in Q4 2023 per Yardi Matrix.
05
Share of renters spending over 30% of income on rent was 49.6% in 2023 per Joint Center for Housing Studies.
06
US furnished apartment lease rates increased 12% YoY to $3,200/month average in 2023 per Blueground.
07
Vacancy rate for Class A apartments nationally was 7.2% in Q4 2023 per CoStar.
08
Average lease renewal rate for multifamily was 58% in 2023 per NMHC.
09
Rent growth in Sun Belt cities like Austin averaged 4.5% YoY in 2023 per Apartment List.
10
US short-term rental occupancy averaged 52% in 2023 per AirDNA.
11
Median gross rent in the US was $1,388in 2023 per American Community Survey.
12
Concessions offered in 28% of US apartment leases in Q4 2023 per Yardi.
13
Average security deposit for apartments was $1,500nationally in 2023 per Rent.com.
14
Renter households headed by seniors (65+) grew 4% to 5.5 million in 2023 per JCHS Harvard.
15
National sublease vacancy in multifamily was 1.8% in 2023 per CoStar.
16
Rent-to-income ratio for median renter household was 31% in 2023 per HUD.
17
Average length of apartment leases signed was 12.2 months in 2023 per CoreLogic.
18
Vacancy in affordable rental housing (<$1,000) was 4.1% vs 8.2% for luxury in 2023 per NMHC.
19
US pet rent fees averaged $35/month per unit in 2023 per Apartments.com.
20
Oversupply risk in new multifamily deliveries hit 15 markets in 2023 per CBRE.
21
Average application fee for rentals was $45in 2023 per RentSpree.
22
Institutional ownership of single-family rentals reached 3% of stock or 600,000 homes in 2023 per Urban Institute.
23
Year-over-year rent growth in Phoenix was -1.2% in Q4 2023 per Zumper.
Interpretation
Rental and Leasing Market Interpretation
The rental market presents a paradox where national averages creep up modestly, yet nearly half of all renters are financially strained, a tension most vividly captured by the fact that a New Yorker's typical two-bedroom costs more than double the median gross rent while the Sun Belt still sizzles with growth and Phoenix actually cools.
05 · Category
Residential Real Estate30 stats
01
In 2023, the median sales price of existing single-family homes in the United States reached $412,300,marking a 5.7% year-over-year increase according to the National Association of Realtors.
02
As of Q4 2023, the average home price in California was $843,350,driven by high demand in coastal cities like San Francisco and Los Angeles per Zillow Research.
03
In 2022, new single-family home sales in the US totaled 668,000 units, a 16.6% decline from 2021 as reported by the US Census Bureau.
04
The national housing inventory stood at 3.7 months of supply in December 2023, up from 2.9 months the previous year according to Realtor.com.
05
In 2023, 28% of US homebuyers were first-time buyers, the lowest share since 1987 per the National Association of Realtors Profile of Home Buyers.
06
The average time on market for homes in the US was 52 days in 2023, compared to 29 days in 2021 as per Redfin data.
07
In Q3 2023, US homeownership rate for households aged 35-44 was 68.2%, down from 70.1% in 2019 according to the Federal Reserve Survey of Consumer Finances.
08
Multifamily housing starts in the US reached 463,000 units annualized in December 2023, a 32% increase from the prior year per Census Bureau.
09
In 2023, the share of all-cash home purchases in the US was 32%, up from 26% in 2022 according to ATTOM Data Solutions.
10
Pending home sales index in the US fell to 71.5 in November 2023, a 5.6% drop month-over-month per National Association of Realtors.
11
In 2023, the median home price in Texas rose 3.2% year-over-year to $330,000 as reported by Texas Real Estate Research Center.
12
US single-family housing permits issued totaled 936,000 annualized in Q4 2023, down 7% from Q4 2022 per Census.
13
In major metros like New York, home prices grew 7.8% YoY in 2023 according to Case-Shiller Index.
14
The delinquency rate on US residential mortgages was 3.82% in Q4 2023, up slightly from 3.72% prior quarter per MBA.
15
In 2023, 52% of US homes sold above list price, down from 59% in 2022 per Redfin.
16
Florida's median home price hit $410,000in 2023, a 9.5% increase YoY according to Florida Realtors.
17
US existing-home sales totaled 4.09 million in 2023, a 19% decline from 2022 per NAR.
18
In 2023, the average US mortgage rate for 30-year fixed was 6.81%, highest since 2000 per Freddie Mac.
19
Home price appreciation in Phoenix was 4.2% YoY in Q4 2023 per Zillow ZHVI.
20
In 2023, investor purchases accounted for 16% of US single-family home sales according to Real Capital Analytics.
21
The vacancy rate for US single-family rental homes was 6.2% in Q3 2023 per Census Bureau.
22
In Atlanta, median home prices rose 6.1% to $375,000 in 2023 per Atlanta Regional Commission.
23
US new home sales price averaged $510,300in December 2023 per Census.
24
Share of FHA-financed home purchases was 17% in Q4 2023, up from 12% in 2021 per Urban Institute.
25
In Seattle, home inventory increased 45% YoY to 2.1 months supply in early 2024 per Redfin.
26
National rent-to-price ratio for US homes was 4.8% in 2023 per Apartment List.
27
In 2023, 24% of US millennials owned homes by age 30, down from 36% of Gen X per Urban Institute.
28
Denver's median sale price fell 1.2% YoY to $545,000 in Q4 2023 per DMAR.
29
US homebuilder confidence index averaged 44 in 2023, lowest since 2012 per NAHB.
30
In Q4 2023, Las Vegas home prices grew 5.4% YoY to $425,000 per GLVAR.
Interpretation
Residential Real Estate Interpretation
The data paints a portrait of a 2023 housing market where soaring prices, falling sales, and rising mortgage rates have created a paradox: homes became more expensive and less attainable, squeezing first-time buyers while rewarding those with enough cash to sidestep the punishing financing costs.
Reference
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APA
Diana Reeves. (2026, February 13). Property Statistics. Gitnux. https://gitnux.org/property-statistics
MLA
Diana Reeves. "Property Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/property-statistics.
Chicago
Diana Reeves. 2026. "Property Statistics." Gitnux. https://gitnux.org/property-statistics.
Sources & references
61 datasets cited across this report · attribution is report-level