HUD AND CENSUS BUREAU REPORT NEW RESIDENTIAL SALES IN MARCH 2024

By klrw460 April 23, 2024

WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau recently released the latest statistics on new residential sales for March 2024:

New Home Sales:

The median sales price for new homes sold in March 2024 stood at $430,700, while the average sales price was $524,800.

Inventory and Supply:

At the end of March, there were approximately 477,000 new houses available for sale, calculated on a seasonally adjusted basis. This amounts to an 8.3-month supply at the current sales pace.

The next update is expected to be published on May 23, 2024. More information, including detailed tables, is available on the U.S. Census Bureau’s website at www.census.gov/construction/nrs/.

For more information, read the original press release from: https://www.hud.gov/press/press_releases_media_advisories/HUD_No_24_087