Median Sale Price Hits $377,100
By Jeff Sorg, OnlineEd Blog
(December 22, 2017)
(WASHINGTON, D.C. – HUD) Sales of new single-family houses in November 2017 were at a seasonally adjusted annual rate of 733,000. This is 17.5 percent (±10.4 percent) above the revised October rate of 624,000 and is 26.6 percent (±16.6 percent) above the November 2016 estimate of 579,000.
The median sales price of new houses sold in November 2017 was $318,700. The average sales price was $377,100.
The seasonally adjusted estimate of new houses for sale at the end of November was 283,000. This represents a supply of 4.6 months at the current sales rate.
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