The U.S. Government is reporting that sales of new single-family houses in August, 2022 were at a seasonally adjusted annual rate of 685,500, which is 28.8% higher than July’s revised rate and is 0.1% lower than one year ago. The median sales price of new houses sold in September was $436,800k with an average sales price of $521,800. There were an estimated 461k new houses for sale at the end of August representing a 8.1-month supply at the current sales rate.
Click here to read the full report at the U.S. Census Bureau.
