New Residential Single-Family Home Sales Up Month-Over-Month but Down Year-Over-Year in August

Posted on September 25, 2021

On Friday (9-24-21), the U.S. Census Bureau and the Department of Housing and Urban Development jointly announced that new residential single-family home sales for August 2021 were at a SAAR of 740,000, according to estimates. This is 1.5% above the revised July rate of 729,000 but is -24.3% below the August 2020 estimate of 977,000.

The seasonally adjusted estimates of new houses for sales at the end of August was 378,000. This represents a 6.1 months’ supply based on the current rate of sales.

The median sales price of new houses sold in August 2021 was $390,900. The average sales price was $443,200.

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