By Property Shark | AZ Big Media
Bookended by the 2008 crash and COVID-19, the decade between 2009 and 2019 was a transformative one for the real estate industry. Curious to see how the housing market had fared between the two most significant, yet wildly different economic downturns in history, we analyzed residential sales across the U.S., putting the largest urban centers in the country into sharp focus. Then, we identified homes that sold in both 2009 and 2019 to pinpoint the most accurate changes in home prices, taking inflation into account, in order to determine the best price ranges for home price appreciation over the past decade, and the best cities for homeownership, home price growth and home value gains.
Key takeaways from our study:
• The national median resale price was $275,000, up a notable 35% over 2009 levels.
• Homes over $2 million resold with the highest price increase and large urban centers surpassed national price gains across all price ranges.
