Median and Average New Homes Sold in United States (1963-2020) is a 1-page legal document that was released by the U.S. Census Bureau and used nation-wide.
Q: What is the median sales price of new homes in the United States?
A: The median sales price of new homes in the United States is the middle value, where half of the homes sold for a higher price and half sold for a lower price.
Q: What is the average sales price of new homes in the United States?
A: The average sales price of new homes in the United States is calculated by dividing the total sales price of all homes sold by the number of homes sold.
Q: What is the time period covered in the data?
A: The data covers the period from 1963 to 2020.
Q: Are the prices adjusted for inflation?
A: No, the prices are not adjusted for inflation.
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