‐ The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for October 2021:
NEW RESIDENTIAL SALES OCTOBER 2021
New Houses Sold : 745,000
New Houses For Sale : 389,000
Median Sales Price: $407,700
New Home Sales;
Sales of new single‐family houses in October 2021 were at a seasonally adjusted annual rate of 745,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.4 percent (±21.1 percent)* above the revised September rate of 742,000, but is 23.1 percent (±15.1 percent) below the October 2020 estimate of 969,000.
Sales Price; The median sales price of new houses sold in October 2021 was $407,700. The average sales price was $477,800.
For Sale Inventory and Months’ Supply;
The seasonally‐adjusted estimate of new houses for sale at the end of October was 389,000. This represents a supply of 6.3 months at the current sales rate.