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.
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.