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 July 2021:
New Home Sales
Sales of new single-family houses in July 2021 were at a seasonally adjusted annual rate of 708,000. This is 1.0 percent (±11.3 percent)* above the revised June rate of 701,000 but is 27.2 percent (±7.3 percent)* below the July 2020 estimate of 972,000.
The median sales price of new houses sold in July 2021 was $390,500. The average sales price was $446,000.
For Sale Inventory and Months’ Supply
The seasonally adjusted estimate of new houses for sale at the end of July was 367,000 This represents a supply of 6.2 months at the current sales rate.
Read more about new residential sales activity here.
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.