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Home Sales: Difference between revisions
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=== September 2023 === | === September 2023 === | ||
=== October 2023 === | |||
==== Existing ==== | |||
* Sales of existing homes in the United States sank 4.1% month-over-month to a seasonally adjusted annualized rate of 3.79 million units in October 2023, the lowest level since August 2010, and below forecasts of 3.9 million (-1.5%). | |||
==== New ==== | |||
* Sales of new single‐family houses in October 2023 were at a seasonally adjusted annual rate of 679,000. This is 5.6 percent (±12.3 percent)* below the revised September rate of 719,000, but is 17.7 percent (±17.9 percent)* above the October 2022 estimate of 577,000. | |||
* The median sales price of new houses sold in October 2023 was $409,300. This is a significant -18% Y/Y. | |||
* The seasonally‐adjusted estimate of new houses for sale at the end of October was 439,000. This represents a supply of 7.8 months at the current sales rate.<ref>https://www.census.gov/construction/nrs/current/index.html</ref> | |||
== References == | == References == | ||