MONTHLY RESIDENTIAL SALES, SEPTEMBER 2021
FOR RELEASE AT 10:00 AM EDT, WEDNESDAY, JUNE 26, 2024
MONTHLY NEW RESIDENTIAL SALES, MAY 2024
Release Number: CB24\105
June 26, 2024 \ The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly
announced the following new residential sales statistics for May 2024:
1
New Houses Sold :
New Houses For Sale2:
Median Sales Price:
619,000
481,000
$417,400
Next Release: July 24, 2024
New Residential Sales
1,200
(Seasonally Adjusted Annual Rate)
1,000
Thousands of Units
NEW RESIDENTIAL
SALES
MAY 2024
800
600
400
200
Houses Sold
1
Seasonally Adjusted Annual Rate (SAAR)
2
Seasonally Adjusted
Source: U.S. Census Bureau, HUD, June 26, 2024
0
May\19
May\20
May\21
May\22
May\23
May\24
Source: U.S. Census Bureau, HUD, June 26, 2024
New Home Sales
Sales of new single\family houses in May 2024 were at a seasonally adjusted annual rate of 619,000, according to
estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 11.3 percent (15.5 percent)* below the revised April rate of 698,000 and is 16.5 percent (16.2 percent)
below the May 2023 estimate of 741,000.
Sales Price
The median sales price of new houses sold in May 2024 was $417,400. The average sales price was $520,000.
For Sale Inventory and Months Supply
The seasonally\adjusted estimate of new houses for sale at the end of May was 481,000. This represents a supply of
9.3 months at the current sales rate.
The June report is scheduled for release on July 24, 2024. View the full schedule in the Economic Briefing Room:
. The full text and tables for this release can be found at
.
Data Inquiries
Economic Indicators Division, Residential Construction Branch
301\763\5160
eid.rcb.customer.service@
Media Inquiries
Public Information Office
301\763\3030
pio@
EXPLANATORY NOTES
These statistics are estimated from sample surveys. They are subject to sampling variability as well as nonsampling
error including bias and variance from response, nonreporting, and undercoverage. Estimated average relative
standard errors of the preliminary data are shown in the tables. Whenever a statement such as 2.5 percent
(3.2%) above appears in the text, this indicates the range (\0.7 to +5.7 percent) in which the actual percent change
is likely to have occurred. All ranges given for percent changes are 90\percent confidence intervals and account only
for sampling variability. If a range does not contain zero, the change is statistically significant. If it does contain zero,
the change is not statistically significant; that is, it is uncertain whether there was an increase or decrease. The same
policies apply to the confidence intervals for percent changes shown in the tables. Changes in seasonally adjusted
statistics often show irregular movement. It takes 3 months to establish a trend for new houses sold. Preliminary
new home sales figures are subject to revision due to the survey methodology and definitions used. The survey is
primarily based on a sample of houses selected from building permits. Since a sale is defined as a deposit taken or
sales agreement signed, this can occur prior to a permit being issued. An estimate of these prior sales is included in
the sales figure. On average, the preliminary seasonally adjusted estimate of total sales is revised about 3.2 percent.
Changes in sales price data reflect changes in the distribution of houses by region, size, etc., as well as changes in the
prices of houses with identical characteristics. Explanations of confidence intervals and sampling variability can be
found on our website.
The Census Bureau has reviewed SOC monthly and quarterly tables to ensure appropriate access, use, and disclosure
avoidance protection of the confidential source data (Disclosure Review Board (DRB) approval number: CBDRB\
FY23\0307).
API
The Census Bureaus application programming interface lets developers create custom apps to reach new users and
makes key demographic, socio\economic and housing statistics more accessible than ever before.
FRED Mobile App
Receive the latest updates on the nations key economic indicators by downloading the
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FRED, the signature database of the Federal Reserve Bank of St. Louis, now incorporates
the Census Bureaus 13 economic indicators.
###
* The 90 percent confidence interval includes zero. In such cases, there is insufficient statistical evidence to conclude that the actual change is different from
zero.
Data Inquiries
Economic Indicators Division, Residential Construction Branch
301\763\5160
eid.rcb.customer.service@
Media Inquiries
Public Information Office
301\763\3030
pio@
New Privately\Owned Houses Sold and For Sale
(Thousands of Units. Detail may not add to total because of rounding.)
Table 1a \ Seasonally adjusted
1
Period
United
States
Sold during period
North\
Mid\
east
west
South
For sale at end of period
North\
Mid\
east
west
South
Median
Average
Months' sales price sales price
West supply2
($)
($)
West
United
States
447
427
416
389
416
422
367
421
187
145
178
163
175
154
138
144
426
428
427
428
435
442
450
449
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
6.9
7.7
7.3
7.9
7.5
7.9
8.8
8.2
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
81
74
83
93
85
22
367
368
395
418
368
16
162
158
166
155
148
13
461
465
469
474
481
5
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
8.3
8.7
8.2
8.1
9.3
12
X
X
X
X
X
X
X
X
X
X
X
X
\8.6%
33.7
13.3%
42.1
\12.0%
22.0
\17.7%
23.9
\4.5%
23.2
\20.9%
18.3
1.5%
1.5
12.9%
11.1
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
14.8%
20.5
34.8%
34.0
X
X
X
X
X
X
X
X
West
United
States
2023
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
August . . . . . . . . . . . . . . . . . . . . . . . . . . . .
September . . . . . . . . . . . . . . . . . . . . . . . .
October . . . . . . . . . . . . . . . . . . . . . . . . . . .
November . . . . . . . . . . . . . . . . . . . . . . . . .
December . . . . . . . . . . . . . . . . . . . . . . . . .
741
666
700
652
694
673
611
654
32
33
30
36
36
34
26
27
75
61
76
64
67
63
80
62
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . .
February (r) . . . . . . . . . . . . . . . . . . . . . . .
March (r) . . . . . . . . . . . . . . . . . . . . . . . . . .
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .
May (p) . . . . . . . . . . . . . . . . . . . . . . . . . .
3
. Average RSE (%) . . . . . . . . . . . . . . . . .
664
643
684
698
619
10
54
43
40
32
18
26
Percent Change4
May. 2024 from Apr. 2024 . . . . . . . . . . .
5
. 90 percent confidence interval . . . . . .
May. 2024 from May. 2023 . . . . . . . . . .
5
. 90 percent confidence interval . . . . . .
\11.3%
15.5
\16.5%
16.2
\43.8%
23.6
\43.8%
32.6
Table 1b \ Not seasonally adjusted
Period
United
States
Sold during period
North\
Mid\
east
west
South
For sale at end of period
North\
Mid\
east
west
South
Median
Average
Months' sales price sales price
West supply
($)
($)
2022 Annual . . . . . . . . . . . . . . . . . . . . . . .
2023 Annual . . . . . . . . . . . . . . . . . . . . . . .
. RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . .
641
666
4
33
33
24
66
68
12
392
412
5
150
153
6
455
450
3
33
31
15
45
44
15
271
268
6
106
107
6
X
X
X
434,500
428,600
4
521,500
514,000
3
2023 Year to date . . . . . . . . . . . . . . . . . .
2024 Year to date . . . . . . . . . . . . . . . . . .
. RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . .
300
300
5
16
17
18
32
40
14
185
171
8
67
71
7
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
Year to date percent change? . . . . . . . .
5
. 90 percent confidence interval . . . . . .
\0.3%
8.0
6.0%
41.4
25.2%
16.9
\7.6%
12.1
6.3%
12.7
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
2023
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
August . . . . . . . . . . . . . . . . . . . . . . . . . . . .
September . . . . . . . . . . . . . . . . . . . . . . . .
October . . . . . . . . . . . . . . . . . . . . . . . . . . .
November . . . . . . . . . . . . . . . . . . . . . . . . .
December . . . . . . . . . . . . . . . . . . . . . . . . .
67
58
60
52
55
50
42
49
3
3
2
3
3
2
2
2
7
5
7
5
5
4
5
4
40
37
35
31
33
32
26
33
17
13
15
13
14
12
10
10
422
433
429
435
440
450
456
450
35
35
36
29
30
32
32
31
41
44
42
43
44
45
45
44
246
250
249
260
265
270
274
268
100
104
102
103
101
104
104
107
6.3
7.5
7.2
8.4
8.0
8.9
10.9
9.2
421,200
417,600
435,800
440,900
426,100
417,500
429,600
418,300
495,800
507,800
507,600
530,400
515,000
498,800
489,000
493,000
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . .
February (r) . . . . . . . . . . . . . . . . . . . . . . .
March (r) . . . . . . . . . . . . . . . . . . . . . . . . . .
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .
May (p) . . . . . . . . . . . . . . . . . . . . . . . . . .
3
. Average RSE (%) . . . . . . . . . . . . . . . . .
58
58
65
62
56
10
5
4
4
3
2
26
7
7
9
9
8
22
32
33
38
36
33
16
14
14
15
14
13
13
458
457
457
466
480
5
30
26
25
25
26
15
43
43
41
42
42
14
277
279
282
288
299
8
108
109
109
111
112
5
7.9
7.8
7.0
7.5
8.6
12
430,400
420,900
436,900
417,900
417,400
5
527,800
509,700
526,000
503,700
520,000
4
p Preliminary
r Revised
S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards
X Not applicable
1
2
3
4
5
Seasonally\adjusted houses sold are published at annual rates
Ratio of houses for sale to houses sold
Average relative standard error for the latest 6\month period
Computed using unrounded data
See the Explanatory Notes in the accompanying text for an explantion of 90 percent confidence intervals
Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Sales, June 26, 2024.
Additional information on the survey methodology may be found at .
New Privately\Owned Houses Sold, by Sales Price
(Thousands of Units. Detail may not add to total because of rounding.)
Table 2a \ Number of Houses 1
Period
Total
Under
$300,000
$300,000
to $399,999
$400,000
to $499,999
Price Ranges
$500,000
to $599,999
$600,000
to $799,999
$800,000
to $999,999
$1,000,000
and over
2022 Annual . . . . . . . . . . . . . . . . . . . . . . .
2023 Annual . . . . . . . . . . . . . . . . . . . . . . .
. RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . .
641
666
3
87
92
14
184
192
11
127
134
7
91
97
25
89
84
26
28
33
14
35
35
13
2023
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
August . . . . . . . . . . . . . . . . . . . . . . . . . . . .
September . . . . . . . . . . . . . . . . . . . . . . . .
October . . . . . . . . . . . . . . . . . . . . . . . . . . .
November . . . . . . . . . . . . . . . . . . . . . . . . .
December . . . . . . . . . . . . . . . . . . . . . . . . .
67
58
60
52
55
50
42
49
11
8
8
6
8
7
7
7
18
18
16
13
16
16
10
15
14
12
16
11
10
9
10
9
10
7
9
8
9
7
7
7
7
7
6
7
6
7
6
7
4
2
2
4
2
2
2
2
3
4
4
2
3
2
1
2
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . .
February (r) . . . . . . . . . . . . . . . . . . . . . . .
March (r) . . . . . . . . . . . . . . . . . . . . . . . . . .
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .
May (p) . . . . . . . . . . . . . . . . . . . . . . . . . .
2
. Average RSE (%) . . . . . . . . . . . . . . . . .
58
58
65
62
56
10
8
9
10
10
11
25
17
18
18
19
16
15
13
9
11
12
10
17
7
8
10
8
8
31
7
7
9
7
6
29
3
4
4
3
2
28
4
3
4
3
3
25
Table 2b \ Percent Distribution
Period
Total
Under
$300,000
$300,000
to $399,999
$400,000
to $499,999
Price Ranges
$500,000
to $599,999
$600,000
to $799,999
$800,000
to $999,999
$1,000,000
and over
2022 Annual . . . . . . . . . . . . . . . . . . . . . . .
2023 Annual . . . . . . . . . . . . . . . . . . . . . . .
. SE (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
100
100
X
14
14
2
29
29
3
20
20
1
14
15
4
14
13
3
4
5
1
5
5
1
2023
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
August . . . . . . . . . . . . . . . . . . . . . . . . . . . .
September . . . . . . . . . . . . . . . . . . . . . . . .
October . . . . . . . . . . . . . . . . . . . . . . . . . . .
November . . . . . . . . . . . . . . . . . . . . . . . . .
December . . . . . . . . . . . . . . . . . . . . . . . . .
100
100
100
100
100
100
100
100
16
14
13
12
14
15
17
15
27
31
27
25
30
32
24
32
20
21
27
21
18
19
23
17
15
13
16
15
17
13
16
14
11
12
9
14
11
13
14
15
5
4
3
8
4
5
4
3
5
6
6
5
6
4
3
4
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . .
February (r) . . . . . . . . . . . . . . . . . . . . . . .
March (r) . . . . . . . . . . . . . . . . . . . . . . . . . .
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .
May (p) . . . . . . . . . . . . . . . . . . . . . . . . . .
. SE (%). . . . . . . . . . . . . . . . . . . . . . . . . . . .
100
100
100
100
100
X
14
15
15
17
19
3
29
31
28
30
29
4
22
16
17
20
17
3
11
14
15
12
15
3
13
12
13
12
10
3
5
6
6
4
4
1
7
5
6
5
5
1
p
A
S
X
Preliminary
r Revised
Represents an RSE or SE that is greater or equal to 100 percent or could not be computed
Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards
Not applicable
Z Less than 500 units or less than 0.5 percent
1
Houses for which sales price was not reported have been distributed proportionally to those for which sales price was reported
Average relative standard error for the latest 6\month period
2
Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Sales, June 26, 2024.
Additional information on the survey methodology may be found at .
New Houses Sold and For Sale by Stage of Construction and Median Number of Months on Sales Market
(Thousands of Units. Detail may not add to total because of rounding.)
Table 3a \ Seasonally adjusted
1
Period
Total
Sold during period
Under
Not started construction
Completed
Total
For sale at end of period
Under
Not started construction
Median
months for
2
Completed
sale
2023
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
August . . . . . . . . . . . . . . . . . . . . . . . . . . . .
September . . . . . . . . . . . . . . . . . . . . . . . .
October . . . . . . . . . . . . . . . . . . . . . . . . . . .
November . . . . . . . . . . . . . . . . . . . . . . . . .
December . . . . . . . . . . . . . . . . . . . . . . . . .
741
666
700
652
694
673
611
654
104
114
96
119
103
123
88
96
302
278
331
282
326
267
231
280
335
274
273
251
265
283
292
278
426
428
427
428
435
442
450
449
92
92
95
95
99
101
98
99
269
268
261
260
263
266
276
269
65
68
71
73
73
75
76
81
X
X
X
X
X
X
X
X
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . .
February (r) . . . . . . . . . . . . . . . . . . . . . . .
March (r) . . . . . . . . . . . . . . . . . . . . . . . . . .
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .
May (p) . . . . . . . . . . . . . . . . . . . . . . . . . .
3
. Average RSE (%) . . . . . . . . . . . . . . . . .
664
643
684
698
619
10
119
85
94
98
72
12
267
283
260
257
253
12
278
275
330
343
294
10
461
465
469
474
481
5
98
94
93
96
104
8
280
283
287
284
278
5
83
88
89
94
99
8
X
X
X
X
X
X
Table 3b \ Not seasonally adjusted
Period
Total
Sold during period
Under
Not started construction
Completed
Total
For sale at end of period
Under
Not started construction
Median
months for
2
Completed
sale
2022 Annual . . . . . . . . . . . . . . . . . . . . . . .
2023 Annual . . . . . . . . . . . . . . . . . . . . . . .
. RSE (%) . . . . . . . . . . . . . . . . . . . . . . . . . .
641
666
4
125
103
13
314
285
6
202
278
5
455
450
3
88
95
8
294
269
4
72
87
6
1.9
2.5
11
2023
May . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
June . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
July . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
August . . . . . . . . . . . . . . . . . . . . . . . . . . . .
September . . . . . . . . . . . . . . . . . . . . . . . .
October . . . . . . . . . . . . . . . . . . . . . . . . . . .
November . . . . . . . . . . . . . . . . . . . . . . . . .
December . . . . . . . . . . . . . . . . . . . . . . . . .
67
58
60
52
55
50
42
49
10
9
8
9
7
9
6
7
29
25
30
23
27
20
15
18
28
23
22
19
21
22
21
25
422
433
429
435
440
450
456
450
93
98
93
98
97
102
96
95
266
270
268
266
269
272
282
269
62
64
67
71
74
76
79
87
2.8
2.6
2.3
2.3
2.3
2.5
2.7
2.5
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . .
February (r) . . . . . . . . . . . . . . . . . . . . . . .
March (r) . . . . . . . . . . . . . . . . . . . . . . . . . .
April (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .
May (p) . . . . . . . . . . . . . . . . . . . . . . . . . .
3
. Average RSE (%) . . . . . . . . . . . . . . . . .
58
58
65
62
56
10
11
9
9
10
7
12
22
25
25
23
24
12
25
25
32
29
25
10
458
457
457
466
480
5
97
93
93
95
110
8
276
273
277
280
275
5
85
90
87
91
96
8
2.7
2.5
2.7
2.2
2.3
12
p Preliminary
r Revised
S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards
X Not applicable
1
2
3
Seasonally\adjusted houses sold are published at annual rates
Median number of months for sale since completion
Average relative standard error for the latest 6\month period
Source: U.S. Census Bureau and U.S. Department of Housing and Urban Development, New Residential Sales, June 26, 2024.
Additional information on the survey methodology may be found at .
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