(10-24-19)

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 2019: New Home Sales – Sales of new single‐family houses in September 2019 were at a seasonally adjusted annual rate of 701,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.  This is 0.7 percent (±16.1 percent)* below the revised August rate of 706,000, but is 15.5 percent (±20.2 percent)* above the September 2018 estimate of 607,000.

Sales Price – The median sales price of new houses sold in September 2019 was $299,400.  The average sales price was $362,700. For Sale Inventory and Months’ Supply The seasonally‐adjusted estimate of new houses for sale at the end of September was 321,000.  This represents a supply of 5.5 months at the current sales rate.