New Home SalesCENSUS
676K
U.S. Housing Market · 1988
U.S. Housing Market in 1988
Existing SalesNAR
3.51M
Median PriceNAR
$89,300
30Y MortgagePMMS
10.34%
In 1988, the U.S. housing market recorded existing-home sales averaged 3.51 million, new-construction sales of 676K, and a 30-year fixed mortgage rate of 10.34%.
Existing-home sales rose 2.0% from 1987. the median existing-home price rose 4.3% to $89,300. the 30-year fixed mortgage rose 0.13 percentage points to 10.34%.
By the numbers — 1988: new-home sales 676K, existing-home sales 3.51M, median existing price $89,300, 30-year mortgage rate 10.34%.