New Single-Family Home Sales Rose 28.8% in August

Washington, DC, September 27, 2022-Sales of new single‐family houses in August 2022 were at a seasonally adjusted annual rate of 685,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 28.8% above the revised July rate of 532,000 but 0.1% below the August 2021 estimate of 686,000.

The median sales price of new houses sold in August 2022 was $436,800. The average sales price was $521,800.

The seasonally‐adjusted estimate of new houses for sale at the end of August was 461,000. This represents a supply of 8.1 months at the current sales rate.