New Home SalesCENSUS
650K
U.S. Housing Market · 1989
U.S. Housing Market in 1989
Existing SalesNAR
3.34M
Median PriceNAR
$93,100
30Y MortgagePMMS
10.32%
In 1989, the U.S. housing market recorded existing-home sales averaged 3.34 million, new-construction sales of 650K, and a 30-year fixed mortgage rate of 10.32%.
Existing-home sales fell 4.8% from 1988. the median existing-home price rose 4.3% to $93,100. the 30-year fixed mortgage fell 0.02 percentage points to 10.32%.
By the numbers — 1989: new-home sales 650K, existing-home sales 3.34M, median existing price $93,100, 30-year mortgage rate 10.32%.