Loading...
Market
Quarterly Performance Comparison of New Home Average Selling Prices in Q2 2024 to Q1 2024
5
Resolution / Starting Odds
Decrease • 33%
No change • 33%
Increase • 33%
U.S. Census Bureau quarterly residential sales report
Story
March U.S. New Home Sales Hit 693,000, Surpassing 668,000 Estimate
Apr 23, 2024, 02:25 PM
In March 2024, U.S. new home sales experienced a significant increase, reaching an annual rate of 693,000 units, surpassing the estimated 668,000. This 8.8% month-over-month rise comes despite challenges such as high mortgage rates and a downward revision of previous months' data from 637K. The demand was supported by a shortage of previously owned homes available for sale and a robust homebuyer season beginning. Moreover, the median new home price decreased by 1.9% year-over-year to $430,700, while the average selling price was recorded at $524,800.
View original story
Similar markets
New homes growth higher • 33%
Existing homes growth higher • 33%
Growth roughly equal • 34%
Increase in home sales • 33%
Decrease in home sales • 33%
No significant change • 33%
Increasing trend • 33%
Decreasing trend • 33%
Stable • 34%
Significant decrease in home purchases • 33%
Moderate decrease in home purchases • 33%
No significant change in home purchases • 34%