Sales of new single‐family houses in September 2019 were at a seasonally adjusted annual rate of 701,000, 0.7% below the revised August rate of 706,000 but is 15.5% above the September 2018 estimate of 607,000, according to estimates released jointly Wednesday by the U.S. Census Bureau and the Department of Housing and Urban Development.

Adobe Stock/Darryl Brooks

The median sales price of new houses sold in September 2019 was $299,400, down from $325,200 in August and down from $328,300 a year earlier. The average sales price was $362,700, down from $394,800 in August and down from $386,400 in September, 2018.

The seasonally‐adjusted estimate of new houses for sale at the end of September was 321,000, representing a supply of 5.5 months at the current sales rate.