US new single-family sales were down 12.2% in November

The US Census Bureau
December 22, 2023
Category: Finance & Economics
Region: United States

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for November 2023. …Sales of new single‐family houses in November 2023 were at a seasonally adjusted annual rate of 590,000. This is 12.2% below the revised October rate of 672,000, but is 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.

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