The U.S. Government is reporting that sales of new single-family houses in November, 2023 were at a seasonally adjusted annual rate of 590k, which is 12.2% lower than October’s revised rate but is 1.4% higher than one year ago. The median sales price of new houses sold in November was $434,700 with an average sales price of $488,900. There were an estimated 451k new houses for sale at the end of November representing a 9.2-month supply at the current sales rate.
Click here to read the full report at the U.S. Census Bureau.
