Sales of new single-family houses in March 2016 were at a seasonally adjusted annual rate of 511,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development.
This is 1.5 percent (±15.0 percent) below the revised February rate of 519,000, but is 5.4 percent (±16.0 percent) above the March 2015 estimate of 485,000.
The median sales price of new houses sold in March 2016 was $288,000; the average sales price was $356,200. The seasonally adjusted estimate of new houses for sale at the end of March was 246,000. This represents a supply of 5.8 months at the current sales rate.