Single-Family Home Sales Fell in Dec., But Annual Sales Rose 12.2%

Washington, DC, January 26, 2017—Sales of new single-family houses in December 2016 were at a seasonally adjusted annual rate of 536,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 10.4% below the revised November rate of 598,000 and is 0.4% below the December 2015 estimate of 538,000.

The median sales price of new houses sold in December 2016 was $322,500; the average sales price was $384,000. The seasonally adjusted estimate of new houses for sale at the end of December was 259,000. This represents a supply of 5.8 months at the current sales rate.

An estimated 563,000 new homes were sold in 2016. This is 12.2% above the 2015 figure of 501,000.