Home Sales Rose 3.7% in December

Washington, DC, March 5, 2019--Sales of new single‐family houses in December 2018 were at a seasonally adjusted annual rate of 621,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 3.7% above the revised November rate of 599,000 but 2.4% below the December 2017 estimate of 636,000.

An estimated 622,000 new homes were sold in 2018. This is 1.5% above the 2017 figure of 613,000.

The median sales price of new houses sold in December 2018 was $318,600. The average sales price was $377,000.

The seasonally‐adjusted estimate of new houses for sale at the end of December was 344,000. This represents a supply of 6.6 months at the current sales rate.

Related Topics:U.S. Census Bureau