The U.S. Government is reporting that sales of new single-family houses in March, 2020 were at a seasonally adjusted annual rate of 627k, which is 15.4% below February’s revised rate, but is 9.5% higher than one year ago. The median sales price of new houses sold in March was $321,400 and the average sales price was $375,300. There were an estimated 333k new houses for sale at the end of March representing a 6.4 month supply at the current sales rate.
Click here to read the full release at the U.S. Census Bureau.
