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The U.S. Government is reporting that sales of new single-family houses in November, 2024 were at a seasonally adjusted annual rate of 664k, which is 5.9% higher than October’s revised rate and is 8.7% higher than one year ago. The median sales price of new houses sold in November was $402,600 with an average sales price of $484,800. There were an estimated 490k new houses for sale at the end of November representing a 8.9-month supply at the current sales rate.
Click here to read the full report at the U.S. Census Bureau.
The post New Home Sales Up 5.9% in November appeared first on Real Estate Investing Today.
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