The U.S. Government is reporting that sales of new single-family houses in October, 2024 were at a seasonally adjusted annual rate of 610k, which is 17.3% lower than September’s revised rate and is 9.4% lower than one year ago. The median sales price of new houses sold in October was $437,300 with an average sales price of $545,800. There were an estimated 481k new houses for sale at the end of October representing a 9.5-month supply at the current sales rate.
Click here to read the full report at the U.S. Census Bureau.
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