The U.S. government is reporting that sales of new single-family houses in April, 2018 were at a seasonally adjusted annual rate of 662k, which is 1.5% below March’s revised number. However, April’s rate was 11.6% higher than April 2017. The median sales price of new houses sold in April 2018 was $312,400 and the average sales price was $407,300. There was an estimated 300k new houses for sale at the end of April representing a 5.4 months at the current sales rate.
