New Home Sales Up 15.2% Year-Over-Year

The U.S. Government is reporting that sales of new single-family houses in December, 2020 were at a seasonally adjusted annual rate of 842k which is 1.6% above than November’s revised rate, but is 15.2% higher than one year ago. The median sales price of new houses sold in November was $355,900 with an average sales price of $394,900. There were an estimated 302k new houses for sale at the end of December representing a 4.3–month supply at the current sales rate. Continue reading HERE...