New Home Sales in October Up 41.5% from 2019

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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 3.3month 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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