New Residential Home Sales up 14% Month-Over-Month in September

The U.S. Census Bureau and the Deptartment of Housing and Urban Development jointly announced on Tuesday (10-26-21) that new residential single-family home sales for September 2021 were at a SAAR of 800,000, according to estimates. This is 14.0% above the revised August rate of 702,000 but is -17.6% below the September 2020 estimate of 971,000.

The seasonally adjusted estimates of new houses for sale at the end of September was 379,000. This represents a 5.7-month supply based on the current rate of sales.

The median sales price of new houses sold in September 2021 was $408,000. The average sales price was $451,700.

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