New Home SalesCENSUS
718K
U.S. Housing Market · 1972
U.S. Housing Market in 1972
Existing SalesNAR
2.25M
Median PriceNAR
$26,700
30Y MortgagePMMS
7.38%
In 1972, the U.S. housing market recorded existing-home sales averaged 2.25 million, new-construction sales of 718K, and a 30-year fixed mortgage rate of 7.38%.
Existing-home sales rose 11.4% from 1971. the median existing-home price rose 7.7% to $26,700. the 30-year fixed mortgage fell 0.16 percentage points to 7.38%.
By the numbers — 1972: new-home sales 718K, existing-home sales 2.25M, median existing price $26,700, 30-year mortgage rate 7.38%.