Real Estate Blog March 16, 2021

Keeping Current: Home Price Changes, Percent change over the past year

  • Home prices nationwide rose 10.8% in the year ending in the fourth quarter of 2020. That’s twice as fast as the 5.4% increase recorded over 2019.
  • In the fourth quarter of 2020, U.S. home prices rose at a 16.1% annual rate. That’s the fastest quarterly increase in the 30-year history of the data series. During the last housing boom, the fastest annualized increase was the 11.0% pace set in the second quarter of 2005.
  • Over the past three years, home prices rose at a 7.2% average annual rate.
  • Over the past ten years, home prices rose at a 5.3% average annual rate.
  • All data in this report reflect the prices of homes sold with conforming financing and are seasonally adjusted.

 

Source: Federal Housing Finance Agency, House Price Index, seasonally adjusted quarterly data, February 23, 2021. Index based on the sales prices of homes financed with conventional conforming loans. These figures reflect only purchase transactions (no refinance transactions are included). Information is accurate as of February 23, 2021, and is subject to change without notice. www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx.