New Home Sales Inched Up 0.4% in October

Washington, DC, November 24, 2021-Sales of new single‚Äźfamily houses in October 2021 were at a seasonally adjusted annual rate of 745,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 0.4% above the revised September rate of 742,000 but is 23.1% below the October 2020 estimate of 969,000.

The median sales price of new houses sold in October 2021 was $407,700. The average sales price was $477,800.

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.

Related Topics:U.S. Census Bureau