New Home Sales Down 4.5% in January
The U.S. Government is reporting that sales of new single-family houses in January, 2021 were at a seasonally adjusted annual rate of 801k, which is 4.5% lower than December’s revised rate and is 19.3% lower than one year ago. The median sales price of new houses sold in January was $ 423,300 with an average sales price of $ 496,900. There were an estimated 406k new houses for sale at the end of December representing a 6.1-month supply at the current sales rate.
Click here to read the full report at the U.S. Census Bureau.
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