The U.S. Government is reporting that sales of new single-family houses in October, 2023 were at a seasonally adjusted annual rate of 679k, which is 5.6% lower than September’s revised rate but is 17.7% higher than one year ago. The median sales price of new houses sold in October was $409,300 with an average sales price of $487k. There were an estimated 439k new houses for sale at the end of October representing a 7.8-month supply at the current sales rate.
Click here to read the full report at the U.S. Census Bureau.
