Nov. New Home Sales Down 12.2% from Oct., But Up 1.4% YOY

Washington, DC, December 22, 2023-Sales of new single‐family houses in November 2023 were at a seasonally adjusted annual rate of 590,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 12.2% below the revised October rate of 672,000 but 1.4% above the November 2022 estimate of 582,000.

The median sales price of new houses sold in November 2023 was $434,700. The average sales price was $488,900.

The seasonally‐adjusted estimate of new houses for sale at the end of November was 451,000. This represents a supply of 9.2 months at the current sales rate.

Related Topics:U.S. Census Bureau