Experts at zillow forecast home sales to bottom out in q2 2020 before they slowly recover to baseline levels by the end of 2021.
What is the prediction of vinyl sales this year.
Zillow s recent report also includes their housing market predictions for home sales.
Data on vinyl album sales in the united states from 1993 to 2019 shows consistent growth since 2006 and in 2019 a total of 18 84 million vinyl albums were sold up 14 5 percent from the previous.
Vinyl sales in the united states.
Vinyl record sales have been steadily growing for more than a decade despite constant predictions of a fad.
Yes vinyl sales are surging but their sales still only made up six percent of album sales last year.
While cd sales are still in the lead with 247 9 million vinyl sales are projected to rise to the top.
Even so for the beleaguered music industry it s nice to see a bright spot and.
More than 3 2m lps were sold last year a rise of 53 on last year and.
Vinyl album sales in the united states have grown for the 14th consecutive year.
Based on the latest available data we forecast key market trends for 2020 including home prices home sales.
So far this year vinyl sales have grossed 224 1 million.
In 2019 18 8 million lps were sold in the united states up 14 percent.
The company expects a whopping 50 60 decline in home sales from its pre coronavirus levels.
Sales of vinyl in 2016 reached a 25 year high as consumers young and old have once again embraced physical formats of music.
Albums sold on vinyl and cassette both saw double digit sales growth in the us last year according to a new report.