Sales of new single‐family houses in January 2020 were at a seasonally adjusted annual rate of 764,000, 7.9% above the revised December rate of 708,000 and 18.6% above the January 2019 estimate of 644,000, according to estimates released jointly Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development.
The median sales price of new houses sold in January 2020 was $348,200, up from $324,100 in December. The average sales price was $402,300, up from $373,300 in December.
The seasonally‐adjusted estimate of new houses for sale at the end of January was 324,000, a supply of 5.1 months at the current sales rate.
