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.