New Home Sales Up 4.9% in February

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The U.S. Government is reporting that sales of new single-family houses in February, 2019 were at a seasonally adjusted annual rate of 677k.   This figure is 4.9% higher than January’s revised rate and is 0.6% higher than one year ago.  The median sales price of new houses sold in February 2019 was $315,300 and the average sales price was $379,600.  The seasonally‐adjusted estimate of new houses for sale at the end of February was 340k, which represented a 6.1 months supply at the current sales rate.

Click here to read the full report at census.gov.

 

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Director of Education & Outreach, National Real Estate Investors Association

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