The U.S. Government is reporting that sales of new single-family houses in July, 2021 were at a seasonally adjusted annual rate of 708k, which is 1% higher than June's revised rate and is 27.2% lower than one year ago. The median sales price of new houses sold in July was $390,500 with an average sales price of $446k. There were an estimated 367k new houses for sale at the end of July representing a 6.2-month supply at the current sales rate.
Click here to read the full report at the U.S. Census Bureau.
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