The U.S. Census Bureau and the U.S. Department of Housing and Urban Development recently reported that sales of new single-family houses in September, 2017 were at a seasonally adjusted annual rate of 667k. This number is 18.9% above August’s revised rate and is 17% higher than one year ago. The median sales price in September was $319,700 and the average sales price was $385,200. There was an estimated 279k new houses for sale representing a 5 months supply at the current sales rate.
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