01/28/2011
Home Prices
These days it’s really still largely about housing and jobs, as I note constantly in my “Week in Review” column. Following is an update on housing price trends, including preliminary data for 2010. Housing is critically important when looking at consumer confidence and spending. A stronger consumer would of course lead to an improving jobs market. An improving jobs market would lead to stronger demand for housing, which would eventually lead to higher prices (once we work off our still massive inventory), etc. You get the picture.
National Association of Realtors / Existing Home Sales
Median Home Prices
*Home prices peaked in July 2006…$230,200
2007…$219,000
2008…$198,100
2009…$172,500
2010…$173,000 p
1/2009…..$164,700
2/2009…..$168,200
3/2009…..$170,000
4/2009…..$166,500
5/2009…..$174,800
6/2009…..$181,800
7/2009…..$181,300
8/2009…..$177,200
9/2009…..$175,900
10/2009…$172,000
11/2009…$170,000
12/2009…$170,500
1/2010…..$164,900
2/2010…..$164,600
3/2010…..$169,600
4/2010…..$172,300
5/2010…..$174,600
6/2010…..$183,000
7/2010…..$182,100
8/2010…..$177,500
9/2010…..$171,500
10/2010…$170,400
11/2010…$170,200
12/2010…$168,800 p
p: preliminary
Source: realtor.org
Wall Street History will return next week.
Brian Trumbore
