New Home Sales

Sales of new single-family houses in November 2023 were at a seasonally adjusted annual rate of 590,00, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.  This is 12.2 percent (±15.6 percent) below the revised October rate of 672,000, but is 1.4 percent  (±19.8 percent) above the November 2022 estimate of 582,000.  

Sales Price  

The median sales price of new houses sold in November 2023 was $434,700.  The average sales price was $488,900. 

For Sale Inventory and Months’ Supply  

The seasonally adjusted estimate of new houses for sale at the end of November was 451,000.  This represents a supply of 9.2 months at the current sales rate.