“Sales of new single”family houses in November 2018 were at a seasonally adjusted annual rate of 657,000,” the U.S. Census Bureau and the Department of Housing and Urban Development jointly announced on Thursday.
Key takeaways from the press release
- This is 16.9 percent above the revised October rate of 562,000, but is 7.7 percent below the November 2017 estimate of 712,000.
- The median sales price of new houses sold in November 2018 was $302,400. The average sales price was $362,400.
- The seasonally”adjusted estimate of new houses for sale at the end of November was 330,000.
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