Posted October 25, 2023

US New Home Sales Climb 12.3% in September

Average sales price runs $503,900.

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 2023:

New Home Sales

Sales of new single?family houses in September 2023 were at a seasonally adjusted annual rate of 759,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 12.3 percent (±16.6 percent)* above the revised August rate of 676,000 and is 33.9 percent (±22.9 percent) above the September 2022 estimate of 567,000.

Sales Price

The median sales price of new houses sold in September 2023 was $418,800. The average sales price was $503,900.

For Sale Inventory and Months’ Supply

The seasonally?adjusted estimate of new houses for sale at the end of September was 435,000. This represents a supply of 6.9 months at the current sales rate.