The median sales price of new houses sold in January 2015 was $294,300; the average sales price was $348,300. The seasonally adjusted estimate of new houses for sale at the end of January was 218,000. This represents a supply of 5.4 months at the current sales rate.
Sales in the Northeast slumped 51.6 percent and those in the West dropped 0.8 percent. In contrast, sales in the Midwest rose 19.2 percent and those in the South went up 2.2 percent.
Year-on-year, new home sales rose 5.3 percent in January.