New Home Sales in February Up 14% from 2019

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The U.S. Government is reporting that sales of new single-family houses in February, 2020 were at a seasonally adjusted annual rate of 765k,  which is 4.4%  lower than January’s revised rate, but is 14.8% higher than one year ago.  The median sales price of new houses sold in February was $345,900 and the average sales price was $403,800.  There were an estimated 319k new houses for sale at the end of January representing a 5.0 months at the current sales rate.

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

 

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Director of Education & Outreach, National Real Estate Investors Association

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