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