The U.S. Government is reporting that sales of new single-family houses in April, 2022 were at a seasonally adjusted annual rate of 591k, which is 16.6% lower than March’s revised rate and is 26.9% lower than one year ago. The median sales price of new houses sold in April was $450,600 with an average sales price of $570,300. There were an estimated 444k new houses for sale at the end of April representing a 9-month supply at the current sales rate.
Click here to read the full report at the U.S. Census Bureau.
