US Monthly New Home Sales Up Month-Over-Month and Year-Over-Year in April

Posted on May 23, 2023

The US Census Bureau and the Department of Housing and Urban Development jointly announced on Tuesday (5-23-23) that new residential single-family home sales for April were at a SAAR of 683,000, according to estimates. This is 4.1% above the revised March rate of 656,000 and 11.8% above the April 2022 estimate of 611,000.

The median sales price of new houses sold in April was $420,800. The average sales price was $501,000.

The seasonally adjusted estimate of new houses for sale at the end of April was 433,000. This represents a supply of 7.6 months based on the current rate of sales.

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