The U.S. Government is reporting that sales of new single-family houses in August, 2024 were at a seasonally adjusted annual rate of 716k, which is 4.7% lower than July’s revised rate and is 9.8% higher than one year ago. The median sales price of new houses sold in August was $420,600 with an average sales price of $492,700. There were an estimated 467k new houses for sale at the end of August representing a 7.8-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 Down 4.7% in August appeared first on Real Estate Investing Today.
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