Posted August 24, 2021

July New Home Sales Slide 27 Percent Year Over Year

Average sales price is $446,000.  

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

New Home Sales

Sales of new single-family houses in July 2021 were at a seasonally adjusted annual rate of 708,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.0 percent (±11.3 percent)* above the revised June rate of 701,000, but is 27.2 percent (±7.3 percent) below the July 2020 estimate of 972,000.

Sales Price

The median sales price of new houses sold in July 2021 was $390,500. The average sales price was $446,000.  

For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of July was 367,000. This represents a supply of 6.2 months at the current sales rate.