The median sales price of new houses sold in November 2014 was $280,900; the average sales price was $321,800. The seasonally adjusted estimate of new houses for sale at the end of November was 213,000. This represents a supply of 5.8 months at the current sales rate.
Sales in the Northeast recorded the highest drop (-12 percent), followed by sales in the South (-6.4 percent) and the Midwest (-6.3 percent). Sales in the West grew 14.8 percent.
Year-on-year, new home sales shrank 1.6 percent.