National new home sales metrics; February 2021

MONTHLY NEW RESIDENTIAL SALES, FEBRUARY 2021
Release Number: CB21-46
March 23, 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 February 2021:
NEW RESIDENTIALSALES
FEBRUARY 2021


New Houses Sold
: 775,000
New Houses For Sale
: 312,000
Median Sales Price: $349,400


New Home Sales
Sales of new single-family houses in February 2021 were at a seasonally adjusted annual rate of 775,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 18.2 percent (±13.9 percent) below the revised January rate of 948,000, but is 8.2 percent
(±21.7 percent)* above the February 2020 estimate of 716,000.

Sales Price
The median sales price of new houses sold in February 2021 was $349,400. The average sales price was $416,000.

For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of February was 312,000. This represents a supply of 4.8 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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