New home sales increased 0.4% in October compared with September but were down 23% compared with October 2020, according to estimates from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
New home sales were at a seasonally adjusted annual rate of 745,000, as of the end of October, up from a rate of 742,000 in September.
The median sales price of a new home sold in October was $407,700.