Posted October 28, 2020

U.S. new home sales dip 3.5 percent for month in September

Average sales price is $405,400.

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for September 2020:

New Home Sales
Sales of new single-family houses in September 2020 were at a seasonally adjusted annual rate of 959,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.5 percent (±19.9 percent)* below the revised August rate of 994,000, but is 32.1 percent (±28.8 percent) above the September 2019 estimate of 726,000.

Sales Price
The median sales price of new houses sold in September 2020 was $326,800. The average sales price was $405,400.

For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of September was 284,000. This represents a supply of 3.6 months at the current sales rate.