Posted October 26, 2022

U.S. New Home Sales Slide 10.9 Percent in September

Average selling price is $517,700.

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for September 2022:

New Home Sales

Sales of new singlefamily houses in September 2022 were at a seasonally adjusted annual rate of 603,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 10.9 percent (±15.2 percent)* below the revised August rate of 677,000 and is 17.6 percent (±15.9 percent) below the September 2021 estimate of 732,000.

Sales Price

The median sales price of new houses sold in September 2022 was $470,600. The average sales price was $517,700.

For Sale Inventory and Months’ Supply

The seasonallyadjusted estimate of new houses for sale at the end of September was 462,000. This represents a supply of 9.2 months at the current sales rate.