November 2023 Compass Insights

Soaring interest rates were the dominant factor in October’s market, but a large drop occurred in November, which many analysts expect to continue.

Inflation dropped in the latest reading, a very positive development for economic conditions, interest rates, and housing and financial markets.

In a typical seasonal trend, the monthly median house sales price in October 2023 declined slightly from September – but was up 3% year-over-year.

Long-term, annual median house sales prices since 1980, with an estimate for 2023 YTD.

Q3 median house price appreciation since 1990. Over the long term, home-price appreciation has far outpaced inflation.

Q3 median house prices – and year-over-year appreciation rates – across a wide range of major U.S. metro areas. 80% saw y-o-y price increases.

A survey of national home sales by price segment. As seen in the table above, there is a terrific range of home prices across the nation.

Interested in seeing even more? View the full report here

Do you have any questions about this data? We are always available to explain and discuss this with you.

Leave a Reply

Your email address will not be published.