National residential new home sales; October 2020

FOR RELEASE AT 10:00 AM EST, WEDNESDAY, NOVEMBER 25, 2020
MONTHLY NEW RESIDENTIAL SALES, OCTOBER 2020
Release Number: CB20-177
November 25, 2020 – The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly
announced the following new residential sales statistics for October 2020:
NEW RESIDENTIAL
SALES
OCTOBER 2020
New Houses Sold1: 999,000
New Houses For Sale2: 278,000
Median Sales Price: $330,600
Next Release: December 23, 2020
1Seasonally Adjusted Annual Rates
2Seasonally Adjusted
Source: U.S. Census Bureau, HUD, November 25, 2020
New Home Sales
Sales of new single-family houses in October 2020 were at a seasonally adjusted annual rate of 999,000, according
to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban
Development. This is 0.3 percent (±13.6 percent)* below the revised September rate of 1,002,000, but is 41.5
percent (±22.6 percent) above the October 2019 estimate of 706,000.
Sales Price
The median sales price of new houses sold in October 2020 was $330,600. The average sales price was $386,200.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of October was 278,000. This represents a
supply of 3.3 months at the current sales rate.
The November report is scheduled for release on December 23, 2020. View the full schedule in the Economic
Briefing Room: www.census.gov/economic-indicators/. The full text and tables for this release can be found at
www.census.gov/construction/nrs/.

About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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