U.S. Census Bureau: Monthly New Residential Sales, September 2024

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for September 2024:

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.

The October report is scheduled for release on November 26, 2024. View the full schedule in the Economic Briefing Room: <http://www.census.gov/economic-indicators/>. The full text and tables for this release can be found at <http://www.census.gov/construction/nrs/>.

Source: U.S. Census Bureau