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 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.
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.
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