The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for November 2022: New Home Sales – Sales of new single‐family houses in November 2022 were at a seasonally adjusted annual rate of 640,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.8 percent (±22.7 percent)* above the revised October rate of 605,000, but is 15.3 percent (±13.0 percent) below the November 2021 estimate of 756,000. Sales Price – The median sales price of new houses sold in November 2022 was $471,200. The average sales price was $543,600. For Sale Inventory and Months’ Supply – The seasonally‐adjusted estimate of new houses for sale at the end of November was 461,000. This represents a supply of 8.6 months at the current sales rate.
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com