October's New Home Sales Inched Up from Sept., but Rose 31.6% YOY

Washington, DC, November 26, 2019-Sales of new single‐family houses in October 2019 were at a seasonally adjusted annual rate of 733,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, a 0.7% below the revised September rate of 738,000, but is 31.6% above the October 2018 estimate of 557,000.

The median sales price of new houses sold in October 2019 was $316,700. The average sales price was $383,300.

The seasonally‐adjusted estimate of new houses for sale at the end of October was 322,000. This represents a supply of 5.3 months at the current sales rate.