Posted January 31, 2019

New home sales climb 16.9 percent in November

Average sales price was $362,400.

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 2018:

New Home Sales

Sales of new single‐family houses in November 2018 were at a seasonally adjusted annual rate of 657,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.  This is 16.9 percent (±19.9 percent)* above the revised October rate of 562,000, but is 7.7 percent (±20.7 percent)* below the November 2017 estimate of 712,000.

Sales Price

The median sales price of new houses sold in November 2018 was $302,400.  The average sales price was $362,400.   For Sale Inventory and Months’ Supply The seasonally‐adjusted estimate of new houses for sale at the end of November was 330,000.  This represents a supply of 6.0 months at the current sales rate.