Sales of new single-family houses in September 2023:

• Seasonally adjusted annual rate: 759,000
• Increase of 12.3% from the revised August rate of 676,000
• Increase of 33.9% from September 2022 estimate of 567,000

Sales Price for new houses sold in September 2023:

• Median sales price: $418,800
• Average sales price: $503,900

For Sale Inventory and Months’ Supply:

• Seasonally adjusted estimate of new houses for sale at the end of September: 435,000
• Represents a supply of 6.9 months at the current sales rate