New Home SalesCENSUS
623K
U.S. Housing Market · 1983
U.S. Housing Market in 1983
Existing SalesNAR
2.71M
Median PriceNAR
$70,300
30Y MortgagePMMS
13.24%
In 1983, the U.S. housing market recorded existing-home sales averaged 2.71 million, new-construction sales of 623K, and a 30-year fixed mortgage rate of 13.24%.
Existing-home sales rose 36.2% from 1982. the median existing-home price rose 3.7% to $70,300. the 30-year fixed mortgage fell 2.80 percentage points to 13.24%.
By the numbers — 1983: new-home sales 623K, existing-home sales 2.71M, median existing price $70,300, 30-year mortgage rate 13.24%.