new home sales in the us fell sharply in september partly reversing the gains registered in august as demand for homes weakened amid rising mortgage rates and high prices here are the main takeaways from the commerce departments report released wednesday new home sales fell 109 in september compared with the previous month to a seasonally adjusted annual rate of 603000 economists polled by the wall street journal expected home sales to fall 134 to a seasonally adjusted annual rate of 593000 sales were 176 below compared with the same month a year earlier when they stood at an adjusted annual rate of 732000 monthly new residential sales data is volatile and often revised september data came with a margin of error of 152 percentage points august new home sales were revised to 677000 from 685000 initially estimated the median price of a new home rose to 470600 in september from 435800 in august the seasonally adjusted estimate of new houses for sale at the end of september was 462000 representing a supply of 92 months at the current sales rate