New Single-Family Home Sales Drop in April

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The U.S. Government is reporting that sales of new single-family houses in April, 2019 were at a seasonally adjusted annual rate of 673k, which is 6.9% lower than March’s revised figure.  The median sales price of new houses sold in April 2019 was $342,200 and the average sales price was $393,700.  There was an estimated 332k new houses for sale at the end of April representing a 5.9 months supply at the current sales rate.

Click here to read the full report at Census.gov.

 

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Director of Education & Outreach, National Real Estate Investors Association

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