Tuesday, 17 May 2022 | The Latest Buzz for the Appraisal Industry

New Home Sales Jumped 12 Percent in November But Remained Down From a Year Ago

New home sales in November were at a seasonally adjusted annual rate of 744,000, an increase of 12.4% compared with October but down 14.0% compared with November 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 November was $416,900 – 18.8% higher compared with November 2020. The average sales price was $481,700.

As of the

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