Monday, 15 August 2022 | The Latest Buzz for the Appraisal Industry

New Home Sales Increased Slightly in October but are Down From a Year Ago

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.

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