Sales of new single-family houses in October 2018 were at a seasonally adjusted annual rate of 544,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development.
This is 8.9 percent (±13.7 percent) below the revised September rate of 597,000 and is 12.0 percent (±13.1 percent) below the October 2017 estimate of 618,000.
The median sales price of new houses sold in October 2018 was $309,700. The average sales price was $395,000.
The seasonally‐adjusted estimate of new houses for sale at the end of October was 336,000. This represents a supply of 7.4 months at the current sales rate.