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 December 2020:
New Home Sales
Sales of new single-family houses in December 2020 were at a seasonally adjusted annual rate of 842,000. This is 1.6 percent (±15.8 percent)* above the revised November rate of 829,000 and is 15.2 percent (±17.2 percent)* above the December 2019 estimate of 731,000.
The median sales price of new houses sold in December 2020 was $355,900. The average sales price was $394,900.
For Sale Inventory and Month’s Supply
The seasonally-adjusted estimate of new houses for sale at the end of December was 302,000. This represents a supply of 4.3 months at the current sales rate.
Click here to read more about new residential sales activity.
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