Housing inflation isn’t a one-size-fits-all concept—there’s no single formula that captures the full picture in the US. When clients talk to me about housing costs, I know they could mean anything from rent and utilities to maintenance, purchase prices, or even the changing character of a neighborhood. One major consumer inflation index actually leaves out home prices entirely, so truly understanding what’s happening takes a blend of rent measures and construction data.
From early Q1 2020 to early Q1 2024, we saw the median price for existing homes climb by about 42%. That’s a huge shift, driven by a tight supply and the new wave of remote work. This affected everyone differently: renters felt the squeeze on rent and utilities, sellers saw higher prices, and landlords faced their own challenges, especially with eviction moratoriums in place at times.
But here’s what I always remind my clients—national averages only tell part of the story. What matters most is what’s happening right in your own market, neighborhood, and even on your block. Every buying and selling decision deserves that level of attention. As your real estate matchmaker, I’m here to help you see the full picture and make the best move for your unique situation.
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