November New Home Sales Up 20.8% YOY, Down 11% from October

Washington, DC, December 23, 2020-Sales of new single-family houses in November 2020 were at a seasonally adjusted annual rate of 841,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.0% below the revised October rate of 945,000 but 20.8% above the November 2019 estimate of 696,000.

The median sales price of new houses sold in November 2020 was $335,300. The average sales price was $390,100.

The seasonally-adjusted estimate of new houses for sale at the end of November was 286,000. This represents a supply of 4.1 months at the current sales rate.