Cancel OK

U.S. Census Bureau: Monthly New Residential Sales, November 2023

General News
U.S. Census Bureau & U.S. Department of Housing and Urban Development Logos

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for November 2023:

New Residential Sales November 2023

New Home Sales

Sales of new single-family houses in November 2023 were at a seasonally adjusted annual rate of 590,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 12.2 percent (±15.6 percent)* below the revised October rate of 672,000, but is 1.4 percent (±19.8 percent)* above the November 2022 estimate of 582,000.

Sales Price

The median sales price of new houses sold in November 2023 was $434,700. The average sales price was $488,900.

For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of November was 451,000.  This represents a supply of 9.2 months at the current sales rate. The December report is scheduled for release on January 25, 2024. View the full schedule in the Economic Briefing Room: < >.  The full text and tables for this release can be found at < > .

To view the full release, click here.

Source: U.S. Census Bureau