New Single-Family Home Sales Down 12.6% in July

The U.S. Government is reporting that sales of new single-family houses in July, 2022 were at a seasonally adjusted annual rate of 511k, which is 12.6% lower than June’s revised rate and is 29.6% lower than one year ago.  The median sales price of new houses sold in September was $439,400k with an average sales price of $546,800.  There were an estimated 464k new houses for sale at the end of March representing a 10.9-month supply at the current sales rate.

Click here to read the full report at the U.S. Census Bureau.