U.S. Census Bureau: Monthly New Residential Sales, September 2023

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for September 2023:

New Home Sales

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 U.S. 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.

Sales Price

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

For Sale Inventory and Months’ Supply

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.

The October report is scheduled for release on November 27, 2023. View the full schedule in the Economic Briefing Room: < www.census.gov/economic-indicators/ >. The full text and tables for this release can be found at <https://www.census.gov/construction/nrs/index.html >.

To view the full release, click here.

Source: U.S. Census Bureau