National residential new home sales; December, 2020

MONTHLY NEW RESIDENTIAL SALES, DECEMBER 2020
Release Number: CB21-12
January 28, 2021 – The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly
announced the following new residential sales statistics for December 2020:
NEW RESIDENTIAL SALES
DECEMBER 2020
New Houses Sold1
: 842,000
New Houses For Sale2
: 302,000
Median Sales Price: $355,900

New Home Sales
Sales of new single-family houses in December 2020 were at a seasonally adjusted annual rate of 842,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 1.6 percent (±15.8 percent)* above the revised November rate of 829,000 and is 15.2 percent (±17.2 percent)* above the December 2019 estimate of 731,000.


An estimated 811,000 new homes were sold in 2020. This is 18.8 percent (±4.3 percent) above the 2019 figure of 683,000.


Sales Price
The median sales price of new houses sold in December 2020 was $355,900. The average sales price was $394,900.


For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of December was 302,000. This represents a supply of 4.3 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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