Sales of new single‐family houses in March 2024 were at a seasonally adjusted annual rate of 693,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development.
This is 8.8 percent (±17.2 percent) above the revised February rate of 637,000 and is 8.3 percent (±19.5 percent) above the March 2023 estimate of 640,000.
The median sales price of new houses sold in March 2024 was $430,700. The average sales price was $524,800.
The seasonally‐adjusted estimate of new houses for sale at the end of March was 477,000. This represents a supply of 8.3 months at the current sales rate.