US New Residential Single-Family Home Sales Increase 4.1% in September

Posted on October 24, 2024

On Thursday, the US Census Bureau and the Department of Housing and Urban Development jointly announced that new residential single-family home sales for September were at a seasonally adjusted annual rate (SAAR) of 738,000, according to estimates. This is 4.1% above the revised August rate of 709,000 (originally reported as 716,000) and 6.3% above the September 2023 estimate of 694,000.

The median sales price of new houses sold in September was $426,300. The average sales price was $501,000.

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.

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