Sales of new single‐family houses in January were at a seasonally adjusted annual rate of 607,000, a drop of 6.9% below the revised December rate of 652,000 and 4.1% below the January 2018 estimate of 633,000, according to estimates released Thursday by the Census Bureau and the Department of Housing and Urban Development.

The declines were driven by an 11.4% drop in the Northeast, a 28.6% drop in the Midwest and a 15.1% decline in the South. A significant gain of 27.8% in the West could not overcome the declines in the other regions.

The median sales price of new houses sold in January 2019 was $317,200, down from $319,100 in December. The average sales price was $373,100, down from $374,000 in December.

The seasonally‐adjusted estimate of new houses for sale at the end of January was 336,000, a supply of 6.6 months at the current sales rate.