New Home Sales Rose 2.3% in December

Washington, DC, January 26, 2023-Sales of new single‐family houses in December 2022 were at a seasonally adjusted annual rate of 616,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 2.3% above the revised November rate of 602,000 and 26.6% below the December 2021 estimate of 839,000.

An estimated 644,000 new homes were sold in 2022. This is 16.4% below the 2021 figure of 771,000.

The median sales price of new houses sold in December 2022 was $442,100. The average sales price was $528,400.

The seasonally adjusted estimate of new houses for sale at the end of December was 461,000. This represents a supply of 9.0 months at the current sales rate.