WASHINGTON, D.C. — The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for April 2021:
New Home Sales
Sales of new single-family houses in April 2021 were at a seasonally adjusted annual rate of 863,000. This is 5.9 percent (±11.2 percent)* below the revised March rate of 917,000 and is 48.3 percent (±24.5 percent)* above the April 2020 estimate of 582, 000.
The median sales price of new houses sold in April 2021 was $372,400. The average sales price was $435,400.
For Sale Inventory and Months’ Supply
The seasonally adjusted estimate of new houses for sale at the end of April was 316,000. This represents a supply of 4.4 months at the current sales rate.
Read more about new residential sales activity here.
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