The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for December 2022:
Sales of new single-family houses in December 2022 were at a seasonally adjusted annual rate of 616,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.3 percent (±18.5 percent) above the revised November rate of 602,000, but is 26.6 percent (±13.2 percent) below the December 2021 estimate of 839,000. An estimated 644,000 new homes were sold in 2022. This is 16.4 percent (±3.8 percent) below the 2021 figure of 771,000.
The median sales price of new houses sold in December 2022 was $442,100. The average sales price was $528,400.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of December was 461,000. This represents a supply of 9.0 months at the current sales rate.
For the full December report, click here.
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