DATA ANALYSIS:
REAL ESTATE
DATA ANALYSIS:
REAL ESTATE
How the residential housing market stood up against increasing demand, inflation, and rate increases.
How the residential housing market stood up against increasing demand, inflation, and rate increases.
OVERVIEW
The real estate market has been on a wild ride these past few years as a direct result of the Coronavirus pandemic that had profound impacts on the housing market. The shift to remote work left many Americans discovering that home is not only where the heart is but also where work is, and for those with children, often where the school is as well. Whether it was the need for more space or no longer setting location requirements based on a daily commute, the real estate market saw increased demand and record sale prices during 2020-2021.
In 2022 many Americans returned to the office in some capacity, and the Federal Reserve began to raise interest rates which subsequently raised mortgage rates in an attempt to help slow the market and curb inflation. In this study, we look at Vertical Knowledge’s real estate market data from 2019-2022 for a better understanding of just how the market is settling down in a postpandemic environment.
REAL ESTATE COLLECTION DETAILS
Vertical Knowledge tracks data related to residential property listings nationwide from multiple real estate listing websites. The data collected includes sale and rental price, property type, status, location details, bedroom and bathroom counts, square footage, and listing URLs.
This collection allows users to leverage data to better understand the housing and rental market’s health, growth, and potential headwinds. Results are also used to provide insight into brokerage performance and asset pricing on a localized basis.
Download the full study for insights on:
-
2021 vs 2022 Total Homes Sold
-
Average Home Sale Price Increase from 2021 to 2022
-
Average Home Sold Price vs. Market Estimate
-
Median Home Sale Values - 5 Year View
-
Historical Median Home Sale Price by Square Footage