October New Home Sales Down 5.6% from Sept. but Up 17.7% YOY

Washington, DC, November 27, 2023-Sales of new single‐family houses in October 2023 were at a seasonally adjusted annual rate of 679,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development, 5.6% below the revised September rate of 719,000 but 17.7% above the October 2022 estimate of 577,000.

The median sales price of new houses sold in October 2023 was $409,300. The average sales price was $487,000.

The seasonally adjusted estimate of new houses for sale at the end of October was 439,000. This represents a supply of 7.8 months at the current sales rate.