Are house prices in the U.S. really falling? March 2019 Edition

With interest rate rises on hold and signs of a slowing global economy, there have been a lot of noises that house prices globally are falling. We look at how U.S. house prices are looking compared to a year ago.

Average and median house prices for all houses sold in the U.S.

Compared to a year ago, average house prices sold in the U.S. fell 5.2% in the fourth quarter. Based on median house prices, the fall was even greater at 6.1%.

US Average Price for Sold Houses percentage change over year earlier March 2019 US Median Price for Sold Houses percentage change over year earlier March 2019

 

Average and median house prices for new houses sold in the U.S.

Both average and median prices for new houses sold in the U.S. are up compared to a year ago but it is just about keeping pace with the rate of inflation.

US Average Price for New Houses percentage change over year earlier March 2019 US Median Price for New Houses percentage change over year earlier March 2019

 

Related: Four charts on the U.S. Housing Market

 

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