A view of a house for sale is seen in Los Angeles on February 24, 2010. (Photo: Reuters)
The U.S. Census Bureau and Department of Housing and Urban Development (HUD) said new home sales in February were at an estimated seasonally adjusted annual rate of 618,000. This is 0.6% (±13.3%)* below the revised January rate of 622,000, but is 0.5% (±16.6%)* above the February 2017 estimate of 615,000.
Sales Price
The median sales price of new houses sold in February 2018 was $326,800. The average sales price was $376,700.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of February was 305,000. This represents a supply of 5.9 months at the current sales rate.
