New Home Sales Down in 11% November

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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 4.1month supply at the current sales rate.

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

 

About Author

Brad Beckett

Director of Education & Outreach, National Real Estate Investors Association

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