“Sales of new single”family houses in September 2018 were at a seasonally adjusted annual rate of 553,000,” the U.S. Census Bureau and the Department of Housing and Urban Development jointly announced on Wednesday.
Key takeaways from the press release
- This is 5.5 percent below the revised August rate of 585,000 and is 13.2 percent below the September 2017 estimate of 637,000.
- The median sales price of new houses sold in September 2018 was $320,000. The average sales price was $377,200.
- The seasonally”adjusted estimate of new houses for sale at the end of September was 327,000.
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