Real Estate Marketing Academy

2015 Housing Market Trends: 50 Real Estate Statistics Agents Need to Know

By Matthew Bushery


Housing market 2015 statisticsThe halfway point of the year is a good time to step back and reflect on your real estate marketing and sales accomplishments — not to mention the latest 2015 housing market trends. From identifying homeowner, buyer, and seller sentiment across the country to figuring out where mortgage rates are headed based on previous months’ trends, it’s important to track and analyze the latest real estate statistics so you know where the market is headed the remainder of the year. It’s certainly worthwhile to investigate your local market’s data, but to get a broad view of how the national sector has performed this year, check out the housing market statistics below.

Home Sale Prices

When it comes to housing market trends, 2015 has seen quite a few positive developments regarding home prices. The national market appears to be making more and more headway each month, while once-beleaguered metro markets — especially those in the hardest-hit states during the housing crisis — are making a comeback, meaning homeowners in these areas who have been waiting for the right time to put their properties on the market may finally decide to do so this year.

National home prices increased 5.7% on a year-to-year basis in January — the 35th consecutive month with an annual rise in sale prices. (CoreLogic)

Home prices grew more than 5% from the year before in February, while also improving a shade more than 1% from January’s level. (CoreLogic

A 5.9% annual and 2% monthly bump in home sale prices were recorded in March, with 90 of 100 metros seeing prices lift from the year before. (CoreLogic

The median sales price of existing homes sold in the U.S. during April was $219,400 — an 8.9% increase from the year before. (National Association of Realtors

The Midwest, South, and West regions all saw home prices of existing homes sold bump up at least 8.5% annually in April. (National Association of Realtors)

S&P/Case-Shiller Home Price Index

Home prices of existing properties sold in the West region were the highest at April’s end, growing to an average of $318,700. (National Association of Realtors)

The median single-family home price elevated annually in 85% of markets (148 out of 174 metro areas) nationwide during Q1 2015. (National Association of Realtors)

A quarterly home price improvement was recorded during the first three-month period of 2015, as the average residential sales price grew 1.3%. (Federal Housing Finance Agency)

From the first quarter of 2014 to the same period in 2015, home prices increased in 48 states. (Federal Housing Finance Agency)

The average sales price for homes purchased in May was $203,500, which was 7.1% higher than the median 12 months earlier. (RE/MAX)

The S&P/Case-Shiller Home Price Indices’ (HPI) 10- and 20-city composites improved in January from both the previous month and previous year by at least 4% across the board. (S&P/Dow Jones Indices)

Fourteen of the 20 major U.S. cities monitored in the S&P/Case-Shiller home price report saw month-to-month price gains during January. (S&P/Dow Jones Indices)

The national Home Price Index rose 4.2% in February — a moderate slowdown in growth from January’s 4.4% monthly increase. (S&P/Dow Jones Indices)

As of March 2015, nationwide home price gains have been at least 4% on an annual basis for roughly three years. (S&P/Dow Jones Indices)

National Association of Realtors Existing-Home Sales prices


New- and Existing-Home Sales

It’s not just home prices that have rebounded (or improved upon already stellar figures) so far this year. Housing market statistics across the nation have indicated homeownership is on the rise in just about every area of the U.S. The health of once-hurting markets, like Florida and Arizona, is on the mend, while the cream-of-the-crop markets, including New York and California, continue to see their real estate conditions better nearly across the board.

The Pending Home Sales Index (PHSI) notched up from nearly 9 percentage points to 112.4 from January to April. (National Association of Realtors)

All four U.S. regions — the South, West, Midwest, and Northeast — saw their PHSI levels rise at least 9.4 percentage points annually in April. (National Association of Realtors)

Existing-home sales grew 6.1% on a yearly basis in April, reaching a seasonally adjusted annual rate of 5.04 million. (National Association of Realtors)

At 13%, the Midwest region experienced the largest hike in existing-home sales in April from a year earlier, reaching a 1.22 million rate of sales. (National Association of Realtors)

April data shows a seasonally adjusted annual rate of 517,000 homes came off the market during the month — 107,000 higher than the year before. (Department of Housing and Urban Development)

Home sales elevated in 53 major metro areas surveyed by an average of 6.3% in April, compared to the same month the year before. (RE/MAX)

Many counties with at least 100,000 residents experienced buyer’s market conditions, with three-fifths of them seeing homes selling for less than market value during April. (RealtyTrac)

Six of the top-10 seller’s markets across the U.S. in April resided in California, with Alameda and San Francisco leading the pack (108% sale price percentage of market value). (RealtyTrac)

Roughly 4% (or 17,300) of total home sales in the first three months of 2015 were home-flips, which experienced an average gross profit for sellers of $72,450. (RealtyTrac)

Owner-occupant home purchases fell monthly and annually in Q1 2015, as they accounted for 63% of total home sales during the period. (RealtyTrac)

The national homeownership rate decreased to a 25-year low in the first quarter of the year, dwindling to 63.7%. (Metrostudy)

National Association of Realtors Existing-Home Sales


Foreclosure Starts and Inventory

Regarding the overall housing market, 2015 has seen its fair share of issues remaining from the economic crisis that began eight years ago. Specifically, foreclosures remain rampant in certain portions of the nation. Distressed property sales have made their way up in several markets, but a large share of properties entered foreclosure in many cities and states during the first half of the year, meaning there’s still a long way to go for many residents to regain financial standing so they can reenter the market.

The national foreclosure inventory declined by a third in January 2015 compared to the year before, resulting in roughly 550,000 homes. (CoreLogic)

In February, the inventory of foreclosed properties fell 67% from the 2010 peak, with the total number of distressed homes falling to 553,000 homes. (CoreLogic)

By March, the nationwide foreclosure inventory slipped to 542,000 properties, marking a near-26% decrease from a year earlier. (CoreLogic)

Nearly 126,000 U.S. homes (one in every 1,049 housing units) were in some stage of foreclosure during April, marking a 3% monthly hike and 9% annual bump. (RealtyTrac)

Approximately 52,000 properties went into foreclosure during April — a figure that has diminished 8% monthly and 5% annually. (RealtyTrac)

One in every four foreclosures throughout the country in Q1 2015 were “zombie” foreclosures: homes abandoned by homeowners but not yet repossessed by lenders. (RealtyTrac)


Mortgage Rates and Activity

The good news for new and existing borrowers is mortgage rates have remained near all-time record lows in the first two quarters of 2015. Housing market data indicates home loan rates have remained steady during the first six months of the year, with long-term mortgage rates staying below 4% during the span. This affordability has led to a spike in home loan applications — particularly during the start of the traditionally busy spring home buying period.

During the first quarter of 2015, there were 1.55 million residential loan originations — a 6% quarterly decline but a 17% annual increase. (RealtyTrac)

The total loan origination value during Q1 2015 was $377 billion, which denoted a 1% dip from the previous quarter but 32% upswing from a year earlier. (RealtyTrac)

California, Florida, and Massachusetts experienced the largest annual bumps (at least 54% each) in home loan origination during the first quarter. (RealtyTrac)

National Association of Realtors Pending Home Sales Index

At 100,000 originations, Veteran Administration home loans accounted for 6.4% of all mortgage originations in the first quarter — a 57% spike from the year before. (RealtyTrac)

The average rate for a 30-year FRM to start 2015 was 3.87% — a percentage that dipped slightly during the first half of 2015, but ended back at 3.87% by the end of May. (Freddie Mac)

The Economic & Housing Market Outlook for May 2015 projects mortgage rates will hit 4.9% by May 2016, as GDP growth is expected to hit 2.7% during the period. (Freddie Mac)

The Mortgage Credit Availability Index increased to 122 in April, marketing loosening credit standards for home loans nationwide. (Mortgage Bankers Association)


National Real Estate Sentiment

Homeowners and renters nationwide are often polled so economists, housing experts, and (of course) real estate agents can gauge how the market will likely shape up in the months ahead. Thankfully, sentiment among both demographics has leaned toward more favorability for homeownership, with countless consumers throughout the U.S. pining to own their own property or remain as homeowners in the years ahead.

The share of consumers who indicated they preferred to buy instead of rent for their next move improved to 63% in April following monthly declines during March and February. (Fannie Mae)

Nearly half of U.S. consumers noted they think home prices will rise in the 12-month period ending in April 2016, while 41% predicted price growth will remain the same. (Fannie Mae)

Home builder confidence in the new-home sales market has remained steadily modest in 2015, as it has fluctuated between 53 and 56 from February to May. (National Association of Home Builders)

Consumer confidence in the real estate market and other facets of the economy reached an 8-year high in April. (Bloomberg/University of Michigan)

Three in 10 Americans considered the first half of 2015 an ideal time to purchase a residence, while 29% said they plan on buying in the next year. (TD Bank)

CoreLogic RealtyTrac foreclosure real estate statistics


Miscellaneous 2015 Housing Market Stats

Home prices, property sales, and mortgage rates are the ideal real estate market statistics to monitor throughout the year, but thankfully, there are many other reports, studies, surveys, and polls conducted year-round that give more intricate insights of value to agents and brokers: from detailed figures on how long it takes homes to sell in certain markets to what types of properties home buyers are most enthusiastic about purchasing.

By the end of April, there was a 5.3-month supply of home inventory on the market — a 5.4% dip in homes for sale from a year earlier.  (National Association of Realtors)

SentriLock’s Diffusion Index of Foot Traffic, which denotes walk-in totals for listing showings, increased to 59.3 in January, three times higher than January 2014’s level. (National Association of Realtors)

Confidence in the seller and buyer markets in April was higher than both the month and year before, reaching levels of 48 and 69, respectively. (National Association of Realtors)

The typically hot spring sales season ramped up in April, with the average listing remaining on the market for 39 days — 13 fewer than March’s median. (National Association of Realtors)

The average number of days a property for sale spent on the listings during April was 71 — a decrease of seven days from 2014 levels. (RE/MAX)

The seasonally adjusted annual rate of new homes built in April reached 1.14 million, which represented a 10.1% improvement from March and 6.4% rise from a year earlier. (Department of Housing and Urban Development)

Roughly 1 million of the 9.3 million homeowners foreclosed on from 200614 have since repurchased homes. (National Association of Realtors)

How do you incorporate real estate statistics like these in your marketing and sales strategies? Share how you take advantage of housing market trends with us below.

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