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Market Updates

The sale of single-family houses in August declined 4.7% from the previous month to a seasonally adjusted annual rate of 716,000. the U.S. Census Bureau and the Department of Housing and Urban Development reported Wednesday.

The single-family house sale declined from the July's revised rate of 751,000, but is 9.8% higher than the estimate of 652,00 in August of last year.

The new home month of supply decreased by 1.3% from a year ago and rose by 6.8% form the previous month to a supply of 7.8 months at the current sales rate.

The median sales price of new houses sold in August 2024 was $420,600, and the average price was $492,700.

25 Sep, 2024

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