New Home Sales Down in 11% November

The U.S. Government is reporting that sales of new single-family houses in November, 2020 were at a seasonally adjusted annual rate of 841k which is 11% lower than October’s revised rate, but is 20.8% higher than one year ago. The median sales price of new houses sold in November was $335,300 with an average sales price of $390,100. There were an estimated 286k new houses for sale at the end of November representing a 4.1–month supply at the current sales rate. Continue reading HERE...