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Wednesday, February 24, 2021

New home sales jump in January

New Home Sales  

Sales of new single-family houses in January 2021 were at a seasonally adjusted annual rate of 923,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.3 percent (±18.1 percent) above the revised December rate of 885,000 and is 19.3 percent (±19.5 percent) above the January 2020 estimate of 774,00.

Sales Price  

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

For Sale Inventory and Months’ Supply  

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.

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