New Home Sales Up Slightly in April

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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.

 

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Director of Education & Outreach, National Real Estate Investors Association

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