Posted February 24, 2021

U.S. new home sales increase 4.3 percent in January

Average selling price was $408,800.

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for January 2021:

New Home Sales

Sales of new single-family houses in January 2021 were at a seasonally adjusted annual rate of 923,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 4.3 percent (±18.1 percent)* above the revised December rate of 885,000 and is 19.3 percent (±19.5 percent)* above the January 2020 estimate of 774,000.

Sales Price

The median sales price of new houses sold in January 2021 was $346,400. The average sales price was $408,800.

For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of January was 307,000. This represents a supply of 4.0 months at the current sales rate.