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

New Home Sales

Sales of new single-family houses in October 2023 were at a seasonally adjusted annual rate of 679,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.6 percent (±12.3 percent)* below the revised September rate of 719,000, but is 17.7 percent (±17.9 percent)* above the October 2022 estimate of 577,000.

Sales Price

The median sales price of new houses sold in October 2023 was $409,300. The average sales price was $487,000.

For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of October was 439,000. This represents a supply of 7.8 months at the current sales rate.

The November report is scheduled for release on December 22, 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 < www.census.gov/construction/nrs/ >.

To view the full release, click here.

Source: U.S. Census Bureau