December New Home Sales Down From Nov., But Up 23.0% YOY

Washington, DC, January 27, 2020-Sales of new single‐family houses in December 2019 were at a seasonally adjusted annual rate of 694,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 0.4% below the revised November rate of 697,000 but 23.0% above the December 2018 estimate of 564,000.

An estimated 681,000 new homes were sold in 2019. This is 10.3% above the 2018 figure of 617,000.

The median sales price of new houses sold in December 2019 was $331,400. The average sales price was $384,500.

The seasonally‐adjusted estimate of new houses for sale at the end of December was 327,000. This represents a supply of 5.7 months at the current sales rate.