National Real Estate Insights December 2024

U.S. Home Prices vs. Household Income Percentage Change, 1984 - 2023*

2023

450%

U.S. Median House Sales Price Appreciation*

400%

U.S. Median Household Income Appreciation**

350%

Comparing appreciation rates since 1984 using annual readings for median existing- house sales price and median household income. Not adjusted for inflation.

300%

2019

250%

2006

200%

Pandemic hits ▲

Subprime bubble

2009-11

150%

2000

Great recession

100%

Inflation since 1984 = 185% per BLS inflation calculator

1990

50%

1984

0%

*Median existing-house sales price data per National Association of Realtors® under copyright, all rights reserved. Used with permission. **Median household income data per Federal Reserve Bank, https://fred.stlouisfed.org/series/MEHOINUSA646N. Not seasonally adjusted; not adjusted for inflation. All numbers approximate, may contain errors and subject to revision.

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