Posted November 26, 2019

October 2019 new home sales top October 2018 by 31.6 percent

Average sales price is $383,300.

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

New Home Sales

Sales of new single‐family houses in October 2019 were at a seasonally adjusted annual rate of 733,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 0.7 percent (±20.4 percent)* below the revised September rate of 738,000, but is 31.6 percent (±23.7 percent) above the October 2018 estimate of 557,000.

Sales Price

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

For Sale Inventory and Months’ Supply

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.