National Housing Market Report
According to the National Association Of REALTORS®:
Overview of the Real Estate Market
- 5.64 million existing homes were sold in 2020, according to data from the National Association of REALTORS®. 822,000 newly constructed(link is external) homes were sold in 2020, according to the U.S. Census Bureau.
- There are approximately 119.7 million occupied housing units in the United States, according to the 2018 American Community Survey(link is external).
- According to the 2021 Profile of Home Buyers and Sellers, the typical home seller has been in their home for 8 years. The typical home size is 1,900 square feet. The typical homeowner is 45 years old.
- In 2019, 64.9% of families owned their primary residence, according to the Federal Reserve’s Survey of Consumer Finances(link is external).