December New Home Sales Up Month-Over-Month but Down Year-Over-Year

Posted on January 26, 2022

On Wednesday (1-26-22), The U.S. Census Bureau and Department of Housing and Urban Development jointly announced that new residential single-family home sales for December 2021 were at a SAAR of 811,000, according to estimates. This is 11.9% above the revised November rate of 725,000 but is -14.0% below the December 2020 estimate of 943,000.

The seasonally adjusted estimates of new houses for sales at the end of December was 403,000. This represents a 6.0 months’ supply based on the current rate of sales.

The median sales price of new houses sold in December 2021 was $377,700. The average sales price was $457,300.

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