New Home Sales

 
The not seasonally adjusted new home sales dropped by 1% year to date which was led by the 8.8 decrease in the West region. The other three regions all increase in new home sales. The nation saw a strong beginning to the year as January through May resulted in the strongest months of 2021, but June through September where all lower than any of the first five months. The average sale price for new homes increased from $405,100 in September 2020 to $451,700 in September 2021.

Existing Home Sales
According the National Association of Realtors, existing home sales increased by 0.8% in October. However, in October 2022 that measure fell by 5.8%. Regionally, the Midwest grew by 4.2% and the South by 0.4%. The Northeast drop by 2.6% and the West held steady with no change from the previous month.