December New Home Sales Up 3.6% from Nov., Up 6.7% YOY

Washington, DC, January 27, 2025-Sales of new single-family houses in December 2024 were at a seasonally adjusted annual rate of 698,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 3.6% above the revised November rate of 674,000 and 6.7% above the December 2023 estimate of 654,000.

An estimated 683,000 new homes were sold in 2024. This is 2.5% above the 2023 figure of 666,000.

The median sales price of new houses sold in December 2024 was $427,000. The average sales price was $513,600.

The seasonally-adjusted estimate of new houses for sale at the end of December was 494,000. This represents a supply of 8.5 months at the current sales rate.


Related Topics:U.S. Census Bureau