2020 Real Estate Pricing Facts 03/09/2020

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Real Estate

The US Median home price for 2019 is $277,000, with starter homes averaging $219,000. (National Association of Realtors)

Starter home inventory rose 3.5% in the first half of 2019, while trade-up inventory rose 4.8%. At the same time, ongoing low inventory means prices rose 12.4% and 8.3% respectively. (Forbes)

Bidding wars in the hot San Francisco housing market tanked from 75% of offers to just 22% in Q2 2019. (Forbes)

A projected economic downturn or recession could mean lower interest rates over the next year or two with the prime lending rate expected to decline to 4.75%. (Kiplinger)