Tuesday, 30 November 2021 | The Latest Buzz for the Appraisal Industry

New Home Sales Jumped 14 Percent in September as Demand Outstrips Supply

New home sales were at a seasonally adjusted annual rate of 800,000 in September, an increase of 14.0% compared with a revised 702,000 in August but down 17.6% compared with 971,000 in September 2020, according to estimates from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

The median sales price of a new home sold in September was $408,800. The average sales price was $451,700.

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