The U.S. government is reporting that sales of new single-family houses in July 2018 were 1.7% lower than June’s revised rate but is 12.8% higher than July, 2017. The median sales price of new houses sold in July 2018 was $328,700 and the average sales price was $394,300. The seasonally-adjusted estimate of new houses for sale at the end of July was 309,000 representing a 5.9 months supply at the current sales rate.
Click here to read the full release on Census.gov.
