HUD and Census Bureau Report New Residential Sales in August 2021

New Residential SalesImage via Pixabay

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 August 2021:

New Residential Sales in August 2021

New Home Sales

Sales of new single-family houses in August 2021 were at a seasonally adjusted annual rate of 740,000. This is 1.5 percent (±15.1 percent)* above the revised July rate of 729,000 but is 24.3percent (±19.1 percent)* below the August 2020 estimate of 977, 000.

Sales Price

The median sales price of new houses sold in August 2021 was $390,900. The average sales price was $443,200.

For Sale Inventory and Months’ Supply

The seasonally adjusted estimate of new houses for sale at the end of July was 378,000 This represents a supply of 6.1 months at the current sales rate.

Read more about new residential sales activity here.

For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News.

Thanks for visiting! Looking for some Chester County pride? We got you covered! Shop our MyChesCo store and show your love for Chester County, Pennsylvania. We got shirts, hats, and more – all with a unique ChesCo flair. Plus, proceeds from each purchase helps support our mission of bringing reliable information and resources to the people of Chester County.

READ:  Real Estate Forecast: Home Prices Not Coming Down in 2023