New Single-Family Home Sales Rose 15.2% YOY in December

Washington, DC, January 28, 2021-Sales of new single-family houses in December 2020 were at a seasonally adjusted annual rate of 842,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 1.6% above the revised November rate of 829,000 and is 15.2% above the December 2019 estimate of 731,000.

An estimated 811,000 new homes were sold in 2020. This is 18.8% above the 2019 figure of 683,000.

The median sales price of new houses sold in December 2020 was $355,900. The average sales price was $394,900.

The seasonally-adjusted estimate of new houses for sale at the end of December was 302,000. This represents a supply of 4.3 months at the current sales rate.

Related Topics:U.S. Census Bureau