The U.S. Government is reporting that sales of new single-family houses in June, 2022 were at a seasonally adjusted annual rate of 590k, which is 8.1% lower than May’s revised rate and is 17.4% lower than one year ago. The median sales price of new houses sold in September was $402,400k with an average sales price of $456,800. There were an estimated 457k new houses for sale at the end of March representing a 9.3-month supply at the current sales rate.
Click here to read the full report at the U.S. Census Bureau.
