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.
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.
