New Single-Family Home Sales Up 7.1%

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The U.S. government is reporting that sales of new single-family houses in August, 2019 were 7.1% higher than July’s revised rate and 18% higher than in August, 2018.  The median sales price of new houses sold in August was $328,400 and the average sales price was $404,200.  The seasonally-adjusted estimate of new houses for sale at the end of August was 326k representing a 5.5 months supply at the current sales rate.

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

 

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Director of Education & Outreach, National Real Estate Investors Association