July New Home Sales Up 1.0% Month-Over-Month but Down Year-Over-Year

Posted on August 24, 2021

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly reported that new residential single-family home sales for July 2021 were at a SAAR of 708,000, according to estimates. This is 1.0% above the revised June rate of 701,000 but is -27.2% below the July 2020 estimate of 972,000.

The seasonally adjusted estimates of new houses for sales at the end of July was 367,000. This represents a 6.2 months’ supply based on the current rate of sales.

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

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