WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for October 2023:
![[Residential Sales Graph]](https://www.hud.gov/sites/dfiles/Main/images/hudno_23-264.jpg "[Residential Sales Graph]")
New Home Sales
Sales of new single‐family houses in October 2023 were at a seasonally adjusted annual rate of 679,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.6 percent (±12.3 percent)* below the revised September rate of 719,000, and is 17.7 percent (±17.9 percent)* above the October 2022 estimate of 577,000.
Sales Price
The median sales price of new houses sold in October 2023 was $409,300. The average sales price was $487,000.
For Sale Inventory and Months’ Supply
The seasonally‐adjusted estimate of new houses for sale at the end of October was 439,000. This represents a supply of 7.8 months at the current sales rate.
The November report is scheduled for release on December 22, 2023. View the full schedule in the Economic Briefing Room: www.census.gov/economic‐indicators/. The full text and tables for this release can be found at www.census.gov/construction/nrs/.
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