New Home SalesCENSUS
671K
U.S. Housing Market · 1987
U.S. Housing Market in 1987
Existing SalesNAR
3.44M
Median PriceNAR
$85,600
30Y MortgagePMMS
10.21%
In 1987, the U.S. housing market recorded existing-home sales averaged 3.44 million, new-construction sales of 671K, and a 30-year fixed mortgage rate of 10.21%.
Existing-home sales fell 0.9% from 1986. the median existing-home price rose 6.6% to $85,600. the 30-year fixed mortgage rose 0.02 percentage points to 10.21%.
By the numbers — 1987: new-home sales 671K, existing-home sales 3.44M, median existing price $85,600, 30-year mortgage rate 10.21%.