The U.S. Census Bureau and the U.S. Department of Housing and Urban Development recently reported that sales of new single-family houses in October, 2017 were at a seasonally adjusted annual rate of 685k. This number is 6.2% above September’s revised rate and is 18.7% higher than one year ago. The median sales price in October was $312,800 and the average sales price was $400,200. There was an estimated 282k new houses for sale representing a 4.9 months supply at the current sales rate.
Click here to read the full release.
