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Real Estate Home Prices
Home Prices
The median price of new homes sold during the first quarter of 2010 was $217,800, down 1 percent from the fourth quarter of 2009 but up 5 percent from the first quarter of 2009. The average price of new homes sold during the first quarter was $276,700, up 1 percent from the previous quarter and up 8 percent from the first quarter of 2009. The estimated price of a constant quality house during the first quarter of 2010 is $282,200, 1 percent lower than the previous quarter but up 3 percent from the first quarter of 2009. All changes are statistically insignificant with the exception of the year to year change in average prices. The set of physical characteristics used to represent a constant quality house is based on the kinds of houses sold in 2005.
The median price of existing homes—including single-family homes,town homes, condominiums, and cooperatives—that sold in the first quarter of 2010 was $166,700 down 2 percent from the previous quarter and down 1 percent from the first quarter of 2009, according to the NATIONAL ASSOCIATION OF REALTORS®. The average price of existing homes sold, $212,100, was 2 percent lower than the fourth quarter of 2009 but 1 percent higher than the first quarter of last year.
Repeat Sales Price Index
The Federal Housing Finance Agency’s (FHFA’s) purchase only House Price Index (HPI) stood at 197.6 on a seasonally adjusted (SA) basis in the fourth quarter of 2009, 0.1 percent above the previous quarter and 1.2 percent above the fourth quarter of 2008. The national Case Shiller® Home Price Index (HPI) was 136.4 (SA) in the fourth quarter of 2009, down 0.4 percent from the previous quarter but up 2.4 percent year over year.
The FHFA annual index stood at 198.6 in 2009, down 4.6 percent from 2008.The Case Shiller® annual index fell 11.5 percent, to 134.1.
Read below more on Home Sales Results for 1st Quarter 2010
2010 1st quarter real estate market data – the state of us home sales
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. 2010 1st Quarter Real Estate Market Data – The State of US Home Prices is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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