New Home Sales Up 20% from February

New Home Sales Up 20% from February

The U.S. Government is reporting that sales of new single-family houses in March, 2021 were at a seasonally adjusted annual rate of 1,021,000 which is 20.7% higher than February’s revised rate and is 66.8% higher than one year ago.  The median sales price of new houses sold in March was $ 330,800 with an average sales price of $ 397,800.  There were an estimated 307k new houses for sale at the end of March representing a 3.6-month supply at the current sales rate.

Click here to read the full report at the U.S. Census Bureau.

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