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U.S.: New Home Sales Rose 9.6% in March

[Apr 27, 2023]

Sales of new single‐family houses in March 2023 were at a seasonally adjusted annual rate of 683,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 9.6% above the revised February rate of 623,000 but 3.4% below the March 2022 estimate of 707,000.

The median sales price of new houses sold in March 2023 was $449,800. The average sales price was $562,400.

The seasonally adjusted estimate of new houses for sale at the end of March was 432,000. This represents a supply of 7.6 months at the current sales rate.

Source:  the U.S. Census Bureau