New home sales declined in the South (-7.7 percent to 313 thousand), West (-3.2 percent to 149 thousand), Midwest (-22.1 percent to 60 thousand) and Northeast (-18.5 percent to 22 thousand).
The median sales price of new houses sold was USD 309,700 in October, below USD 319,500 in the same month of the previous year. The average sales price rose to USD 395,000 from USD 394,000 a year ago.
The stock of new houses for sale went up 4.3 percent to 336 thousand in October from 322 thousand in September. This represents a supply of 7.4 months at the current sales rate.
Year-on-year, new home sales decreased 12.0 percent.