Sales of new single-family houses in September 2018 were at a seasonally adjusted annual rate of 553,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development.
This is 5.5 percent (±12.1 percent) below the revised August rate of 585,000 and is 13.2 percent (±13.6 percent) below the September 2017 estimate of 637,000.
The median sales price of new houses sold in September 2018 was $320,000. The average sales price was $377,200.
The seasonally‐adjusted estimate of new houses for sale at the end of September was 327,000. This represents a supply of 7.1 months at the current sales rate.