The U.S. Government is reporting that sales of new single-family houses in April, 2020 were at a seasonally adjusted annual rate of 623k, which is 0.6% higher than March’s revised rate, but is 6.2% lower than one year ago. The median sales price of new houses sold in April was $309,900 with an average sales price of $364,500. There were an estimated 325k new houses for sale at the end of April representing a 6.3 month supply at the current sales rate.
Click here to read the full release at the U.S. Census Bureau.
