National residential new homes sales; March 2021

April 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 March 2021:

NEW RESIDENTIALSALES
MARCH 2021


New Houses Sold
: 1,021,000
New Houses For Sale
: 307,000
Median Sales Price: $330,800

Source: U.S. Census Bureau, HUD, April 23, 2021

New Home Sales


Sales of new single-family houses in March 2021 were at a seasonally adjusted annual rate of 1,021,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 20.7 percent (±23.7 percent)* above the revised February rate of 846,000 and is 66.8 percent (±36.7 percent) above the March 2020 estimate of 612,000.
Sales Price. The median sales price of new houses sold in March 2021 was $330,800. The average sales price was $397,800.


For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of March was 307,000. This represents a supply of 3.6 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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