The U.S. Government is reporting that sales of new single-family houses in October, 2022 were at a seasonally adjusted annual rate of 632k, which is 7.5% higher than September’s revised rate and is 5.8% lower than one year ago. The median sales price of new houses sold in October was $493k with an average sales price of $544k. There were an estimated 470k new houses for sale at the end of October representing a 8.9-month supply at the current sales rate.
Click here to read the full report at the U.S. Census Bureau.
