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New Home Sales Down 18.2% Year-Over-Year

  • Metro East REIA
  • Mar 29, 2021
  • 1 min read

The U.S. Government is reporting that sales of new single-family houses in February, 2021 were at a seasonally adjusted annual rate of 775k which is 18.2% lower than January’s revised rate and is 8.2% higher than one year ago. The median sales price of new houses sold in January was $349,400 with an average sales price of $416,000. There were an estimated 312k new houses for sale at the end of December representing a 4.8-month supply at the current sales rate. Continue reading HERE...

 
 
 

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