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U.S. Home Sales climb to a highest in a decade

Monday, Nov 27 2017
U.S. Home Sales climb to a highest in a decade

Sales of new single-family houses in October 2017 were at a seasonally adjusted annual rate of 685,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.2 percent  above the revised September rate of 645,000 and is 18.7 percent above the October 2016 estimate of 577,000.

The median sales price of new houses sold in October 2017 was $312,800. The average sales price was $400,200. The seasonally-adjusted estimate of new houses for sale at the end of October was 282,000. This represents a supply of 4.9 months at the current sales rate.

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