New Home SalesCENSUS
670K
U.S. Housing Market · 1994
U.S. Housing Market in 1994
Existing SalesNAR
3.97M
Median PriceNAR
$107,200
30Y MortgagePMMS
8.38%
In 1994, the U.S. housing market recorded existing-home sales averaged 3.97 million, new-construction sales of 670K, and a 30-year fixed mortgage rate of 8.38%.
Existing-home sales rose 4.5% from 1993. the median existing-home price rose 4.0% to $107,200. the 30-year fixed mortgage rose 1.07 percentage points to 8.38%.
By the numbers — 1994: new-home sales 670K, existing-home sales 3.97M, median existing price $107,200, 30-year mortgage rate 8.38%.