Home Sales 2020

New home sales in the u s.

Home sales 2020. Sales of newly built homes jumped 55 annually in june according to a monthly survey by john burns real estate consulting which has historically mirrored the u s. The national association of realtors pending home sales index jumped 16 6 percent in june. Sales price the median sales price of new houses sold in june 2020 was 329 200. Prior to this development the median sale price exceeded 400 000 for four consecutive months and was actually on track to outpace the median single family home price during the course of 2020.

In los angeles county sales fell 49 5 from a year earlier while the median sales price rose 1 6 to 620 000. The average sales price was 384 700. Here s how home sales and prices broke down by county in may. Best fourth of july home sales 2020.

Existing home sales surge nearly 21 in june the highest monthly gain on record published wed jul 22 2020 10 00 am edt updated wed jul 22 2020 1 44 pm edt diana olick in dianaolick. For sale inventory and months supply the seasonally adjusted estimate of new houses for sale at the end of june was 307 000. Pending home sales advanced 6 3 from a year ago. The july report is scheduled for.

This represents a supply of 4 7 months at the current sales rate. July 30 2020 the overall economy may be looking shaky but one exception is the housing market. Economists polled by reuters had forecast pending home contracts which become sales after a month or two increasing 15 in june. In june sales of existing homes jumped more than 20 a record.

It seems like potential condo buyers are waiting to see how the pandemic progresses before they commit to urban living and elevator rides. Then they broke that record in july with a nearly 25 gain yun says the pace of home sales is now up about 9 from a year ago and.