New Home Sales in October Up 41.5% from 2019

The U.S. Government is reporting that sales of new single-family houses in October, 2020 were at a seasonally adjusted annual rate of 999,000 which is 0.3% lower than September’s revised rate, and is 41.5% higher than one year ago. The median sales price of new houses sold in October was $330,600 with an average sales price of $386,200. There were an estimated 278k new houses for sale at the end of October representing a 3.3–month supply at the current sales rate. Continue reading HERE...