Single-Family Home Sales Rose 19.3% YOY in January

Washington, DC, February 24, 2021-Sales of new single-family houses in January 2021 were at a seasonally adjusted annual rate of 923,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.3% above the revised December rate of 885,000 and is 19.3% above the January 2020 estimate of 774,000.

The median sales price of new houses sold in January 2021 was $346,400. The average sales price was $408,800.

The seasonally-adjusted estimate of new houses for sale at the end of January was 307,000. This represents a supply of 4.0 months at the current sales rate.