Jun. 12 at 12:00 PM
$LEN $DHI
Several years ago I said that the
$440,000 peak of median home prices would fall 30+%.
I still believe there’s more room to fall.
Even though the median home prices have continued falling the last few years, you’re actually getting less home than you did in the past.
Average size new home in the 2010’s was 2,400’
Today it’s closer to 2,200’
So you’re paying
$100,000 more for the home with less square footage.
Current median home prices sits around
$400,000
In order to get to my 30% drop, we would need to see
$308,000 median home prices.
Let’s see if it falls that far.
https://wolfstreet.com/2026/06/11/what-homebuilder-lennar-said-about-the-tough-housing-market-average-sales-price-down-24-from-peak-back-to-2017/