The U.S. Government is reporting that sales of new single-family houses in October, 2020 were at a seasonally adjusted annual rate of 999,000 which is 0.3% lower than September’s revised rate, and is 41.5% higher than one year ago. The median sales price of new houses sold in October was $330,600 with an average sales price of $386,200. There were an estimated 278k new houses for sale at the end of October representing a 3.3–month supply at the current sales rate.
Click here to read the full report at the U.S. Census Bureau.
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