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

New Home Sales

Sales of new single-family houses in December 2024 were at a seasonally adjusted annual rate of 698,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 3.6 percent (±19.7 percent)* above the revised November rate of 674,000 and is 6.7 percent (±16.2 percent)* above the December 2023 estimate of 654,000.

An estimated 683,000 new homes were sold in 2024. This is 2.5 percent (±4.5 percent)* above the 2023 figure of 666,000.

Sales Price

The median sales price of new houses sold in December 2024 was $427,000. The average sales price was $513,600.

For Sale Inventory and Months’ Supply

The seasonally-adjusted estimate of new houses for sale at the end of December was 494,000. This represents a supply of 8.5 months at the current sales rate.

The January report is scheduled for release on February 26, 2025. View the full schedule in the Economic Briefing Room: <www.census.gov/economic-indicators/>. The full text and tables for this release can be found at <www.census.gov/construction/nrs/>.

Source: U.S. Census Bureau