According to the U.S. Government, sales of new single-family houses in September 2023 reached a seasonally adjusted annual rate of 759,000, marking a 12.3% increase from the revised rate in August and a 33.9% increase from the same period last year. The median sales price for these new houses was $418,800, while the average sales price was $503,900. At the end of September, there were approximately 435,000 new houses available for sale, representing a 6.9-month supply based on the current sales rate. For more information, you can access the full report at the U.S. Census Bureau’s website. To view the report, click here.
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