Sales of new single-family houses in November 2015 were at a seasonally adjusted annual rate of 490,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development. This is 4.3 percent (±11.9 percent) above the revised October rate of 470,000 and is 9.1 percent (±20.9 percent) above the November 2014 estimate of 449,000.
The median sales price of new houses sold in November 2015 was $305,000; the average sales price was $374,900. The seasonally adjusted estimate of new houses for sale at the end of November was 232,000. This represents a supply of 5.7 months at the current sales rate.