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Median Sales Price of New Single-Family Houses Sold Hits Record High of $316,200

Friday, September 1, 2017

For the second year in a row, the median sales price of new single-family houses sold climbed to a record high, according to the Census Bureau. The $316,200 median in 2016 was 5% greater than the $300,100 of 2015, after adjusting for inflation.

From just $235,500 in 2000, the median price of new single-family houses sold climbed rapidly in the early years of the 2000s as the housing bubble inflated, reaching a high of $296,000 in 2005 before collapsing. From that peak to the post-Great Recession low of $242,400 in 2011, the median sales price of new single-family houses sold fell 18%, after adjusting for inflation. Between 2011 and 2016, the price climbed 30%.

Median sales price of new single-family
homes sold, 2000 to 2016 (in 2016 dollars)

2016: $316,200 (record high)
2015: $300,100
2014: $286,700
2013: $277,000
2012: $256,300
2011: $242,400 (post Great Recession low)
2010: $244,100
2005: $296,000 (pre Great Recession high)
2000: $235,500

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Operation BBQ Relief Update – Hurricane Irma

Tuesday, September 19, 2017

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Casual Industry Salutes 2017 Award Winners

Friday, September 15, 2017

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Gensun’s New Edge & Wave Collection

Tuesday, September 12, 2017

Edge and Wave are fraternal twins; both collections feature slender yet strong legs and arms with graceful curves. The two back designs came to life at the same time with Edge’s linear back and Wave’s flowing water back. Visit showroom 1667...

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Klaussner Outdoor Adds Cordless Power Motion

Tuesday, September 12, 2017

Here’s a new concept that incorporates the functionality of power motion with a cordless power source into outdoor seating. The technology combines weather resistant motion mechanisms and a sealed power system driven by a rechargeable power pack...

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New Marina Tabletops from OW Lee

Tuesday, September 12, 2017

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