Single-Family Housing Sales Up 5.9% YOY in February

Washington, DC, March 25, 2024-Sales of new single‐family houses in February 2024 were at a seasonally adjusted annual rate of 662,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 0.3% below the revised January rate of 664,000 but is 5.9% above the February 2023 estimate of 625,000.

The median sales price of new houses sold in February 2024 was $400,500. The average sales price was $485,000.

The seasonally adjusted estimate of new houses for sale at the end of February was 463,000. This represents a supply of 8.4 months at the current sales rate.