Wednesday, June 09, 2021

822,000 New Single-Family Houses Sold in 2020

822,000: that's the number of new single-family houses sold in 2020—the most since 2006 and more than twice the number sold a decade ago in 2010, in the aftermath of the Great Recession.  

The median sales price of new single-family houses sold climbed to $336,900 in 2020. While this was higher than the median price in 2019, it was less than the 2017 record high of $341,200, after adjusting for inflation...

Median sales price of new single-family houses sold, 2005 to 2020 (in 2020 dollars)
2020: $336,900
2019: $325,500
2018: $336,400
2017: $341,200 (record high)
2016: $331,900
2015: $321,300
2011: $261,400 (post Great Recession low)
2010: $263,300
2005: $319,200 (pre Great Recession high)

Nearly all (96 percent) of new single-family homes sold in 2020 were air conditioned. This figure is up from 63 percent in 1978, the first year of the Census Bureau's data series. 

New single-family houses sold in 2020 had a median of 2,333 square feet, almost identical to the 2,322 median size in 2019. In 2015 and 2016, the median size of new single-family houses sold exceeded 2,500 square feet. 

Source: Census Bureau, Characteristics of New Housing

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