In 2020, 10,209 homes were sold, 8.3% less than the previous year, according to data from the Office of the Commissioner of Financial Institutions (OCIF). They are the lowest sales in the last three years. Despite the drop in sales, the average price of homes sold rose 7.3% in 2020. I

Last year 949 new homes were sold, 36.0% more than in 2019; however, existing home sales decreased 11.2% to 9,260.

Sales plummeted in the months of March, April and May before rebounding and reaching an increase in sales of 31.4% in December.

Median home prices increased 7.3% last year, to $ 165,741. While the median price of new homes grew 0.8% to $ 223,200, the price of existing homes rose 6.5% to $ 160,057.

Puerto Rico 2020 Homes Sold Drop 8.3% 1