According to a recent report by the Weekly Real Estate News, new home sales experienced a decline in the month of November. The median sales price for these new houses was $434,700, while the average sales price reached $488,900. Here are the key takeaways from the report:

– New home sales witnessed a decrease in November
– Median sales price for new houses sold was $434,700
– Average sales price for new houses sold was $488,900

While the report does not provide specific reasons for the decline in new home sales, these figures indicate a potential shift in the housing market. Experts in the mortgage industry will be closely monitoring these trends to assess the market’s overall health in the coming months.

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