BY BRAD BECKETT ON OCTOBER 28, 2019
The U.S. government is reporting that sales of new single-family houses in September, 2019 were at a seasonally adjusted annual rate of 701,000. This figure is 0.7% below revised August’s revised rate but is 15.5% higher than September 2018 estimate of 607,000. The median sales price of new houses sold in September 2019 was $299,400 and the average sales price was $362,700. There were new 321k new houses for sale at the end of September was 321,000 representing a 5.5 months supply at the current sales rate.