Posted April 23, 2019

New home sales rose 4.5 percent in March

Average selling price was $376,000. 

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for March 2019:

New Home Sales

Sales of new single‐family houses in March 2019 were at a seasonally adjusted annual rate of 692,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.  

This is 4.5 percent (±17.6 percent)* above the revised February rate of 662,000 and is 3.0 percent (±11.4 percent)* above the March 2018 estimate of 672,000.

Sales Price

The median sales price of new houses sold in March 2019 was $302,700.  The average sales price was $376,000.  

For Sale Inventory and Months’ Supply

The seasonally‐adjusted estimate of new houses for sale at the end of March was 344,000.  This represents a supply of 6.0 months at the current sales rate.