Posted December 26, 2023

Single-family Home Sales Slide 12.2% in November

Average sales price runs $488,900. 

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for November 2023: 

New Home Sales
Sales of new single‐family houses in November 2023 were at a seasonally adjusted annual rate of 590,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 12.2 percent (±15.6 percent)* below the revised October rate of 672,000, but is 1.4 percent (±19.8 percent)* above the November 2022 estimate of 582,000.

Sales Price
The median sales price of new houses sold in November 2023 was $434,700. The average sales price was $488,900. For Sale Inventory and Months’ Supply

The seasonally‐adjusted estimate of new houses for sale at the end of November was 451,000. This represents a supply of 9.2 months at the current sales rate.