Existing-Home Sales Rose 11.9% in December
Washington, DC, January 26, 2022-Sales of new single‐family houses in December 2021 were at a seasonally adjusted annual rate of 811,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 11.9% above the revised November rate of 725,000 but 14.0% below the December 2020 estimate of 943,000.
An estimated 762,000 new homes were sold in 2021. This is 7.3% below the 2020 figure of 822,000.
The median sales price of new houses sold in December 2021 was $377,700. The average sales price was $457,300.
The seasonally‐adjusted estimate of new houses for sale at the end of December was 403,000. This represents a supply of 6.0 months at the current sales rate.
Related Topics:U.S. Census Bureau