Single-Family Home Sales Up 18.6% YOY in January

Washington, DC, February 26, 2020-Sales of new single‐family houses in January 2020 were at a seasonally adjusted annual rate of 764,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development, 7.9% above the revised December rate of 708,000 and is 18.6% above the January 2019 estimate of 644,000.

The median sales price of new houses sold in January 2020 was $348,200. The average sales price was $402,300.

The seasonally‐adjusted estimate of new houses for sale at the end of January was 324,000. This represents a supply of 5.1 months at the current sales rate.