New-Home Sales Rise 5.8 Percent
The average sales price was $543,600 in November
The average sales price was $543,600 in November
The median sales price of new houses sold nationally in October 2022 was $493,000
Twenty-nine percent of U.S. single-family homes for sale last quarter were new builds
Compared to July 2021, the new home market was down 29.6 percent
With just 590,000 units sold last month, the new home market has slumped back to 2018 levels
According to the U.S. Census Bureau, 696,000 new homes sold in May
The average sales price of new houses sold last month was $496,900
Newly constructed homes for sale at of the month represented a 6.5 month supply
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