The U.S. Government is reporting that sales of new single-family houses in August, 2023 were at a seasonally adjusted annual rate of 675k, which is 8.7% lower than July’s revised rate and is 5.8% higher than one year ago. The median sales price of new houses sold in August was $430,300 with an average sales price of $514k. There were an estimated 436k new houses for sale at the end of August representing a 7.8-month supply at the current sales rate.
Click here to read the full report at the U.S. Census Bureau.
