The U.S. government is reporting that sales of new single-family houses in February, 2018 were at a seasonally adjusted annual rate of 618k, which is 0.6% below January’s revised number. However, February sales were 0.5% higher than one year ago. The median sales price of new houses sold in February was $326,800 and the average sales price was$376,700. There was an estimated 305k new houses for sale at the end of February representing a 5.9 months at the current sales rate.
Click here to read the full release on Census.gov.
