U.S. Year-over-Year Appreciation Rates since 1990 Y-o-Y Change in Annual Median HOUSE Sales Price*
Pandemic boom
20%
18%
Subprime bubble
15%
| Market recovery ►
12%
12%
10%
9%
9%
10%
8%
8%
7%
7%
6%
6%
6%
5%
5% 5%
5%
5% 5%
5%
5%
4% 4%
4%
3%
3%
Foreclosure crisis
3%
3%
1%
0.5%
0%
0%
-1%
-5%
-4%
Annual appreciation rates often varied widely between states, counties and submarkets within counties. Annual data may disguise significant changes in price appreciation trends within the calendar year.
-10%
-10%
-13%
-15%
*Data copyright, National Association of Realtors®. All rights reserved. Used with permission. National sales of existing single-family dwellings. Rounded to nearest full percentage point, except for 2023. Not adjusted for inflation. All numbers approximate, may contain errors and subject to revision.
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