Single-Family Home Sales Rose 16.9% in November

Washington, DC, January 31, 2019-Sales of new single‐family houses in November 2018 were at a seasonally adjusted annual rate of 657,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 16.9% above the revised October rate of 562,000 but 7.7% below the November 2017 estimate of 712,000.

The median sales price of new houses sold in November 2018 was $302,400. The average sales price was $362,400.

The seasonally‐adjusted estimate of new houses for sale at the end of November was 330,000. This represents a supply of 6.0 months at the current sales rate.