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U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$ 1 Hawaii: $839,013 2 California: $765,197 — District of Columbia: $610,548 3 Massachusetts: $596,410 4 Washington: $575,894 5 Colorado: $539,151 6 Utah: $509,433 7 New Jersey: $503,432 8 Oregon: $487,244 9
Com study, that shows nearly 57% of America’s available housing inventory is located there. The study also shows a regionwide 19.7% increase in available inventory in comparison to one year ago.
In addition, both HUD and the Census Bureau offer public use files containing the responses from individual housing units, after removing any information that might identify respondents. HUD also funds research using the AHS on topics such as housing inventory change or housing consumption by the elderly.
There are about 135 million homes in the United States as of 2016. [17] Housing researchers generally conclude that the supply of housing in the United States is too low to meet demand, [20] resulting in an affordability crisis. [21] [16] Among the renting population, nearly half pay more than 30% of their income toward rent. [21]
What is a normal amount of inventory? Traditional wisdom states that the real estate market needs 5 to 6 months of housing supply to be balanced, or not leaning toward either a buyer’s market or ...
The country’s inventory of homes for sale, while still very low, is actually increasing. National Association of Realtors data shows that inventory in December 2023 was up 4.2 percent from the ...
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