The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for November 2024: New Home Sales – Sales of new single-family houses in November 2024 were at a seasonally adjusted annual rate of 664,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.9 percent (±18.6 percent)* above the revised October rate of 627,000 and is 8.7 percent (±19.3 percent)* above the November 2023 estimate of 611,000. Sales Price – The median sales price of new houses sold in November 2024 was $402,600. The average sales price was $484,800. For Sale Inventory and Months’ Supply – The seasonally-adjusted estimate of new houses for sale at the end of November was 490,000. This represents a supply of 8.9 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