National new home sales for November; 2020

New Home Sales


Sales of new single-family houses in November 2020 were at a seasonally adjusted annual rate of 841,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 11.0 percent (±9.5 percent) below the revised October rate of 945,000, but is 20.8 percent (±19.5 percent) above the November 2019 estimate of 696,000.

Sales Price

The median sales price of new houses sold in November 2020 was $335,300. The average sales price was $390,100.

For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of November was 286,000.

This represents a supply of 4.1 months at the current sales rate.

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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