1 Million New Single Family Homes Sold in August

0

The U.S. Government is reporting that sales of new single-family houses in August, 2020 were at a seasonally adjusted annual rate of 1,011,000, which is 4.8% higher than July’s revised rate, and is 43.2% higher than one year ago.  The median sales price of new houses sold in August was $312,800 with an average sales price of $369k.  There were an estimated 282k new houses for sale at the end of August representing a 3.3-month supply at the current sales rate.

 

Click here to read the full report at the U.S. Census Bureau.

 

About Author

Director of Education & Outreach, National Real Estate Investors Association

Comments are closed.