Sales of new single‐family houses in March 2023 were at a seasonally adjusted annual rate of 683,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development.
This is 9.6 percent (±15.2 percent) above the revised February rate of 623,000, but is 3.4 percent (±12.7 percent) below the March 2022 estimate of 707,000.
The median sales price of new houses sold in March 2023 was $449,800. The average sales price was $562,400.
The seasonally‐adjusted estimate of new houses for sale at the end of March was 432,000. This represents a supply of 7.6 months at the current sales rate.