Monthly New Residential Sales for November 2020

Sales of new single-family houses rise above last October

By Jeff Sorg, OnlineEd Blog

(December 1, 2020)

(WashingtonDC ) – The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced on November 25, 2020, the following new residential sales statistics for October 2020:

New Home Sales
Sales of new single-family houses in October 2020 were at a seasonally adjusted annual rate of 999,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.3 percent (±13.6 percent)* below the revised September rate of 1,002,000, but is 41.5
percent (±22.6 percent) above the October 2019 estimate of 706,000.

Sales Price
The median sales price of new houses sold in October 2020 was $330,600. The average sales price was $386,200. For Sale Inventory and Months’ Supply The seasonally-adjusted estimate of new houses for sale at the end of October was 278,000. This represents a supply of 3.3 months at the current sales rate. The November report is scheduled for release on December 23, 2020.

[Source: News release number: CB20-177]

 

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