The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for January 2024: New Home Sales – Sales of new single‐family houses in January 2024 were at a seasonally adjusted annual rate of 661,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.5 percent (±19.9 percent)* above the revised December rate of 651,000 and is 1.8 percent (±19.4 percent)* above the January 2023 estimate of 649,000. Sales Price – The median sales price of new houses sold in January 2024 was $420,700. The average sales price was $534,300. For Sale Inventory and Months’ Supply – The seasonally‐adjusted estimate of new houses for sale at the end of January was 456,000. This represents a supply of 8.3 months at the current sales rate.
Pipe Exchange
14025 West Road
Suite 100
Houston, TX 77041
- Phone: 713.934.9480
- Fax: 713.934.9490
- Email: sales@pipexch.com