04/30/2025
đĄ U.S. Existing-Home Sales: 1995â2025 Overview (Sources NAR and HUD)
1995: Sales dipped to 3.85 million, marking the lowest annual total in the past three decades.
1996: A rebound to 4.09 million homes sold, driven by favorable mortgage rates.
1997: Continued growth with 4.37 million homes sold, reflecting a strengthening economy.
1998: Sales reached 4.97 million, setting a new record amid economic expansion.
1999: Another record year with 5.20 million homes sold, highlighting robust market demand.
2000: Sales remained strong at 5.17 million, maintaining the upward trend.
2001: A new peak with 5.34 million homes sold, reflecting continued market momentum.
2002: Sales climbed to 5.63 million, supported by low interest rates.
2003: A significant jump to 6.18 million homes sold, indicating a booming market.
2004: Sales surged to 6.78 million, driven by favorable economic conditions.
2005: The market peaked with a record 7.08 million homes sold.
2006: A slight decline to 6.48 million, signaling the beginning of a market cooldown.
2007: Sales decreased to 5.65 million amid growing economic concerns.
2008: A further drop to 4.91 million, reflecting the impact of the housing crisis.
2009: Sales slightly recovered to 5.16 million, aided by government incentives.
2010: A decline to 4.19 million homes sold, as the market adjusted post-crisis.
2011: Sales edged up to 4.26 million, indicating gradual stabilization.
2012: An increase to 4.66 million homes sold, showing signs of recovery.
2013: Sales rose to 5.09 million, reflecting improved buyer confidence.
2014: A slight dip to 4.94 million, as affordability challenges emerged.
2015: Sales increased to 5.25 million, supported by steady economic growth.
2016: A further rise to 5.45 million homes sold, continuing the positive trend.
2017: Sales peaked at 5.51 million, the highest since 2006.
2018: A slight decrease to 5.34 million, amid rising interest rates.
2019: Sales remained steady at 5.34 million, indicating a balanced market.
2020: Despite the pandemic, sales increased to 5.64 million, driven by low mortgage rates.
2021: A significant jump to 6.12 million homes sold, the highest since 2006.
2022: Sales declined to 5.03 million, as affordability issues impacted buyers.
2023: A sharp drop to 4.09 million homes sold, the lowest since 1995, due to high mortgage rates.
2024: Sales slightly decreased to 4.06 million, maintaining the lowest levels in nearly three decades.
2025: A modest recovery is projected, with sales expected to rise by 6% to approximately 4.3 million, amid easing mortgage rates and increased inventory.