New U.S. single-family home sales last month reached a seasonally adjusted rate of 377,000, according to data released today by the U.S. Census Bureau and the Department of Housing and Urban Development. These latest figures bring home sales 4.4 percent above the October numbers and also represent a 15.3 percent year-over-year increase.
As The Real Deal previously reported, the numbers over the past several months have been up and down. June saw an unexpected drop, July had a pulse, August’s numbers fell slightly and September saw a 5 percent gain.
The median sales price of new U.S. homes sold last month ticked in at $246,300, with an average sales price of $299,700.
The pace of U.S. new home sales is about a quarter of the July 2005 all-time high, Reuters said. [Reuters, via CNBC] –Zachary Kussin