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“Sales of new single”family houses in October 2018 were at a seasonally adjusted annual rate of 544,000,” the U.S. Census Bureau and the Department of Housing and Urban Development jointly announced today.  

Key takeaways from the press release

  • This is 8.9 percent below the revised September rate of 597,000 and is 12.0 percent  below the October 2017 estimate of 618,000.
  • The median sales price of new houses sold in October 2018 was $309,700.
  • The average sales price was $395,000.
  • The seasonally”adjusted estimate of new houses for sale at the end of October was 336,000.