Sales for the month came to a seasonally adjusted annual rate of 411,00, which is 4.6 percent lower than January's revised estimate of 431,000, but 12.3 percent higher than February 2012, when the annual rate stood at 366,000.
The Commerce Department said the average price for a new home sold in November was $313,700.
At the end of February, there was an estimated 1523,0090 new homes on the market, representing a 4.4 month supply at the current rate of sales.
Notable deaths of 2014 [PHOTOS]
GM recalls 221,000 Cadillacs and Impalas