Housing Market Data

Just how bad was 2023 for the housing market? 

One of the most important calculations we do each year is measure the percentage of all households that purchased a home, whether new or existing, in a given year. Over the past 40+ years, the average percentage of all households (renter and owner-occupied) that purchased a home each year was 4.78% and the median was 4.64%.
The factor for 2023 was 3.58%.