|
Median Price
The price at which half the homes sold
above the price and half the homes sold below the price - the midpoint
price of home sales in each year. According to most experts, this is
the most accurate measure of home sales price growth or decline in a given
year.
Average Annual Price Increase
Over this 36 year period, the average
price increase in the USA has been 6.4%.
Housing Bubbles?
We wanted to
research whether "housing bubbles" had occurred in the past. This
data indicates that they have not occurred on a national level, at least
since 1968. Regionally, there are areas that show price declines
(such as California)
(see the related article
on the Housing Bubble).
The smallest increase in national home prices occurred
in 1989.
National Association of Realtors
They are the source of our data
for this page.
 |
|
Year |
Median Price |
Increase Percentage |
|
|
|
|
|
1968 |
$20,100 |
NA |
|
1969 |
$21,300 |
6.0% |
|
1970 |
$23,000 |
8.0% |
|
1971 |
$24,800 |
7.8% |
|
1972 |
$26,700 |
7.7% |
|
1973 |
$28,900 |
8.2% |
|
1974 |
$32,000 |
10.7% |
|
1975 |
$35,300 |
10.3% |
|
1976 |
$38,100 |
7.9% |
|
1977 |
$42,900 |
12.5% |
|
1978 |
$48,700 |
13.5% |
|
1979 |
$55,700 |
14.2% |
|
1980 |
$62,200 |
11.9% |
|
1981 |
$66,400 |
6.8% |
|
1982 |
$67,800 |
2.1% |
|
1983 |
$70,300 |
3.7% |
|
1984 |
$72,400 |
3.0% |
|
1985 |
$75,500 |
4.3% |
|
1986 |
$80,300 |
6.4% |
|
1987 |
$85,600 |
6.6% |
|
1988 |
$89,300 |
4.1% |
|
1989 |
$89,500 |
0.2% |
|
1990 |
$92,000 |
2.8% |
|
1991 |
$97,100 |
5.5% |
|
1992 |
$99,700 |
2.7% |
|
1993 |
$103,100 |
3.4% |
|
1994 |
$107,200 |
4.0% |
|
1995 |
$110,500 |
3.1% |
|
1996 |
$115,800 |
4.8% |
|
1997 |
$121,800 |
5.2% |
|
1998 |
$128,400 |
5.4% |
|
1999 |
$133,300 |
3.8% |
|
2000 |
$139,000 |
4.3% |
|
2001 |
$147,800 |
6.3% |
|
2002 |
$156,200 |
5.7% |
|
2003 |
$169,500 |
8.5% |
|
2004 |
$185,200 |
9.3% |
|
|
