U.S. Housing Market · 1971

U.S. Housing Market in 1971

New Home SalesCENSUS

656K

Existing SalesNAR

2.02M

Median PriceNAR

$24,800

30Y MortgagePMMS

7.54%

In 1971, the U.S. housing market recorded existing-home sales averaged 2.02 million, new-construction sales of 656K, and a 30-year fixed mortgage rate of 7.54%.

Existing-home sales rose 25.5% from 1970. the median existing-home price rose 7.8% to $24,800.

By the numbers — 1971: new-home sales 656K, existing-home sales 2.02M, median existing price $24,800, 30-year mortgage rate 7.54%.

U.S. Housing Market in 1971

See also