The U.S. Government is reporting that sales of new single-family houses in September, 2024 were at a seasonally adjusted annual rate of 738k, which is 4.1% higher than August’s revised rate and is 6.3% higher than one year ago. The median sales price of new houses sold in September was $426,300 with an average sales price of $501k. There were an estimated 470k new houses for sale at the end of September representing a 7.6-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 4.1% in September appeared first on Real Estate Investing Today.
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