New Home Sales
Sales of new single-family houses in September 2024 were at a seasonally adjusted annual rate of 738,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.1 percent (±14.7 percent)* above the revised August rate of 709,000 and is 6.3 percent (±18.6 percent)* above the September 2023 estimate of 694,000.
Sales Price
The median sales price of new houses sold in September 2024 was $426,300. The average sales price was $501,000.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of September was 470,000. This represents a supply of 7.6 months at the current sales rate.
Additional Release Materials