New Home SalesCENSUS
804K
U.S. Housing Market · 1997
U.S. Housing Market in 1997
Existing SalesNAR
4.37M
Median PriceNAR
$121,800
30Y MortgagePMMS
7.60%
In 1997, the U.S. housing market recorded existing-home sales averaged 4.37 million, new-construction sales of 804K, and a 30-year fixed mortgage rate of 7.60%.
Existing-home sales rose 4.0% from 1996. the median existing-home price rose 5.2% to $121,800. the 30-year fixed mortgage fell 0.21 percentage points to 7.60%.
By the numbers — 1997: new-home sales 804K, existing-home sales 4.37M, median existing price $121,800, 30-year mortgage rate 7.60%.