Market Updates
November New Home Sales Rose 5.8%
Brian Turner
23 Dec, 2022
New York City
New home sales in November Jumped 5.8% to a seasonally adjusted rate of 640,000 from the downwardly revised October sales rate of 605,000.
The median sales price of new houses sold in November 2022 was $471,200 and the average sales price was $543,600.
The seasonally?adjusted estimate of new homes for sale at the end of November was 461,000, a supply of 8.6 months at the current sales rate.
Home sales in the West jumped 27.6% to 171,000 and the Midwest increased 21.3% to 57,000 but fell in the Northeast 8.5% to 43,000 and in the South fell 2.1% to 369,000.
Annual Returns
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Earnings
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