Sales of new single-family homes fell slightly to a seasonally adjusted annual rate of 368,000 for the month of October, according to a U.S. Census Bureau report (link opens in PDF) released today. These newest numbers clock in 0.3% below September's revised rate of 369,000, but 17.2% above last October's 314,000.

Regionally, new home sales vary dramatically from October 2011. All regions have seen improved sales, with the West leading the nation with a 34% gain. The Midwest has enjoyed an 18% increase, while the Northeast and South improved 11% and 9%, respectively. 

New home sales continue to trend upward, but are far from prerecession levels.

Longterm New Home Sales October


Today's report lists the median price of new houses sold in October at $237,700, 4.1% below the September number and 5.7% above October 2011's $224,800 median price tag.

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