Housing Unit Sales Remain Elevated

Intelligent Economics > Blog > Housing Unit Sales Remain Elevated

There was a total of 1,079 housing units sold in Puerto Rico during the month of September 2021. Compared to the previous month of August, there were 13 fewer units sold, or a decrease of 11%. Compared to September 2020, there was a decrease in sales of 109 units, or 9.2%.

The housing market in Puerto Rico has continued the growth it exhibited since the beginning of the pandemic. Unlike in many major metro areas in the United States however, this increase in sales has not translated to a large increase in the value of homes. Average sales prices in the US have risen by 30% since 2019. The increase seen in Puerto Rico has been more modest, just 15.8% in the same period.

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