MONTHLY RESIDENTIAL SALES, OCTOBER 2023
FOR RELEASE AT 10:00 AM EDT, WEDNESDAY, SEPTEMBER 25, 2024
MONTHLY NEW RESIDENTIAL SALES, AUGUST 2024
Release Number: CB24-156
September 25, 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 August 2024:
1
New Houses Sold :
New Houses For Sale2:
Median Sales Price:
716,000
467,000
$420,600
Next Release: October 24, 2024
New Residential Sales
1,200
(Seasonally Adjusted Annual Rate)
1,000
Thousands of Units
NEW RESIDENTIAL
SALES
AUGUST 2024
800
600
400
200
Houses Sold
1
Seasonally Adjusted Annual Rate (SAAR)
2
Seasonally Adjusted
Source: U.S. Census Bureau, HUD, September 25, 2024
0
Aug-19
Aug-20
Aug-21
Aug-22
Aug-23
Aug-24
Source: U.S. Census Bureau, HUD, September 25, 2024
New Home Sales
Sales of new single-family houses in August 2024 were at a seasonally adjusted annual rate of 716,000, according to
estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 4.7 percent (10.6 percent)* below the revised July rate of 751,000, but is 9.8 percent (22.1 percent)* above
the August 2023 estimate of 652,000.
Sales Price
The median sales price of new houses sold in August 2024 was $420,600. The average sales price was $492,700.
For Sale Inventory and Months Supply
The seasonally-adjusted estimate of new houses for sale at the end of August was 467,000. This represents a supply
of 7.8 months at the current sales rate.
The September report is scheduled for release on October 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 3.6 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: CBDRBFY24-0281).
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###
* 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
NorthMideast
west
South
For sale at end of period
NorthMideast
west
South
Median
Average
Months' sales price sales price
West supply2
($)
($)
West
United
States
389
416
422
367
421
163
175
154
138
144
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
7.9
7.5
7.9
8.8
8.2
X
X
X
X
X
X
X
X
X
X
81
74
82
86
84
81
86
81
21
367
368
395
459
416
414
447
459
17
162
158
164
159
149
154
185
152
12
461
465
466
464
468
468
459
467
6
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
X
X
X
X
8.3
8.7
8.2
7.6
8.4
8.2
7.3
7.8
14
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
-5.8%
23.2
26.6%
33.8
2.7%
14.6
18.0%
31.3
-17.8%
15.5
-6.7%
35.2
1.7%
1.2
9.1%
8.3
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
6.8%
14.6
-1.3%
24.7
X
X
X
X
X
X
X
X
West
United
States
2023
August . . . . . . . . . . . . . . . . . . . . . . . . . . . .
September . . . . . . . . . . . . . . . . . . . . . . . .
October . . . . . . . . . . . . . . . . . . . . . . . . . . .
November . . . . . . . . . . . . . . . . . . . . . . . . .
December . . . . . . . . . . . . . . . . . . . . . . . . .
652
694
673
611
654
36
36
34
26
27
64
67
63
80
62
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . .
February . . . . . . . . . . . . . . . . . . . . . . . . . .
March . . . . . . . . . . . . . . . . . . . . . . . . . . . .
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .
June (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .
July (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
August (p) . . . . . . . . . . . . . . . . . . . . . . . .
3
. Average RSE (%) . . . . . . . . . . . . . . . . .
664
643
683
736
672
681
751
716
11
54
43
42
32
23
32
33
24
29
Percent Change4
Aug. 2024 from Jul. 2024 . . . . . . . . . . . . -4.7%
5
. 90 percent confidence interval . . . . . . 10.6
9.8%
Aug. 2024 from Aug. 2023 . . . . . . . . . . .
5
. 90 percent confidence interval . . . . . . 22.1
-27.3%
67.0
-33.3%
53.2
Table 1b - Not seasonally adjusted
Period
United
States
Sold during period
NorthMideast
west
South
For sale at end of period
NorthMideast
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 (%) . . . . . . . . . . . . . . . . . . . . . . . . . .
470
489
4
25
25
15
50
61
14
288
291
5
108
113
8
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 . . . . . .
4.0%
5.6
2.4%
28.4
21.9%
16.4
0.8%
6.8
4.7%
10.6
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
2023
August . . . . . . . . . . . . . . . . . . . . . . . . . . . .
September . . . . . . . . . . . . . . . . . . . . . . . .
October . . . . . . . . . . . . . . . . . . . . . . . . . . .
November . . . . . . . . . . . . . . . . . . . . . . . . .
December . . . . . . . . . . . . . . . . . . . . . . . . .
52
55
50
42
49
3
3
2
2
2
5
5
4
5
4
31
33
32
26
33
13
14
12
10
10
435
440
450
456
450
29
30
32
32
31
43
44
45
45
44
260
265
270
274
268
103
101
104
104
107
8.4
8.0
8.9
10.9
9.2
440,900
426,100
417,500
429,600
418,300
530,400
515,000
498,800
489,000
493,000
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . .
February . . . . . . . . . . . . . . . . . . . . . . . . . .
March . . . . . . . . . . . . . . . . . . . . . . . . . . . .
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .
June (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .
July (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
August (p) . . . . . . . . . . . . . . . . . . . . . . . .
3
. Average RSE (%) . . . . . . . . . . . . . . . . .
58
58
65
65
61
59
65
58
11
5
4
4
3
2
3
3
2
29
7
7
8
8
8
7
9
6
21
32
33
38
40
37
35
38
37
17
14
14
15
14
14
14
15
12
12
458
457
455
458
466
467
462
470
6
30
26
24
24
26
25
26
27
15
43
43
42
42
41
41
40
42
14
277
279
279
283
290
292
290
291
9
108
109
109
109
110
109
107
110
4
7.9
7.8
7.0
7.0
7.6
7.9
7.1
8.2
14
430,400
420,900
436,400
415,300
414,300
413,600
429,000
420,600
5
527,800
509,700
522,500
500,600
499,300
496,900
508,200
492,700
5
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, September 25, 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
August . . . . . . . . . . . . . . . . . . . . . . . . . . . .
September . . . . . . . . . . . . . . . . . . . . . . . .
October . . . . . . . . . . . . . . . . . . . . . . . . . . .
November . . . . . . . . . . . . . . . . . . . . . . . . .
December . . . . . . . . . . . . . . . . . . . . . . . . .
52
55
50
42
49
6
8
7
7
7
13
16
16
10
15
11
10
9
10
9
8
9
7
7
7
7
6
7
6
7
4
2
2
2
2
2
3
2
1
2
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . .
February . . . . . . . . . . . . . . . . . . . . . . . . . .
March . . . . . . . . . . . . . . . . . . . . . . . . . . . .
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .
June (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .
July (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
August (p) . . . . . . . . . . . . . . . . . . . . . . . .
. Average RSE (%) 2 . . . . . . . . . . . . . . . . .
58
58
65
65
61
59
65
58
11
8
9
9
10
10
10
11
10
26
17
18
18
20
20
17
18
17
18
13
9
12
13
11
12
12
13
17
7
8
10
7
9
7
11
7
27
7
7
8
8
7
7
8
7
28
3
4
4
3
3
3
3
2
26
4
3
4
3
3
3
2
2
27
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
August . . . . . . . . . . . . . . . . . . . . . . . . . . . .
September . . . . . . . . . . . . . . . . . . . . . . . .
October . . . . . . . . . . . . . . . . . . . . . . . . . . .
November . . . . . . . . . . . . . . . . . . . . . . . . .
December . . . . . . . . . . . . . . . . . . . . . . . . .
100
100
100
100
100
12
14
15
17
15
25
30
32
24
32
21
18
19
23
17
15
17
13
16
14
14
11
13
14
15
8
4
5
4
3
5
6
4
3
4
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . .
February . . . . . . . . . . . . . . . . . . . . . . . . . .
March . . . . . . . . . . . . . . . . . . . . . . . . . . . .
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .
June (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .
July (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
August (p) . . . . . . . . . . . . . . . . . . . . . . . .
. SE (%). . . . . . . . . . . . . . . . . . . . . . . . . . . .
100
100
100
100
100
100
100
100
X
14
15
15
16
16
17
17
18
4
29
31
28
30
33
29
27
29
3
22
16
18
21
18
21
18
22
3
11
14
15
11
14
12
17
13
4
13
12
13
13
11
11
12
12
4
5
6
6
4
5
4
5
3
1
7
5
6
5
4
6
4
4
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, September 25, 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
August . . . . . . . . . . . . . . . . . . . . . . . . . . . .
September . . . . . . . . . . . . . . . . . . . . . . . .
October . . . . . . . . . . . . . . . . . . . . . . . . . . .
November . . . . . . . . . . . . . . . . . . . . . . . . .
December . . . . . . . . . . . . . . . . . . . . . . . . .
652
694
673
611
654
119
103
123
88
96
282
326
267
231
280
251
265
283
292
278
428
435
442
450
449
95
99
101
98
99
260
263
266
276
269
73
73
75
76
81
X
X
X
X
X
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . .
February . . . . . . . . . . . . . . . . . . . . . . . . . .
March . . . . . . . . . . . . . . . . . . . . . . . . . . . .
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .
June (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .
July (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
August (p) . . . . . . . . . . . . . . . . . . . . . . . .
3
. Average RSE (%) . . . . . . . . . . . . . . . . .
664
643
683
736
672
681
751
716
11
119
85
91
108
86
95
121
96
14
267
283
258
246
243
241
278
248
12
278
275
334
382
343
345
352
372
11
461
465
466
464
468
468
459
467
6
98
94
91
89
92
90
96
102
9
280
283
286
284
282
279
261
260
5
83
88
89
91
94
99
102
105
10
X
X
X
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
August . . . . . . . . . . . . . . . . . . . . . . . . . . . .
September . . . . . . . . . . . . . . . . . . . . . . . .
October . . . . . . . . . . . . . . . . . . . . . . . . . . .
November . . . . . . . . . . . . . . . . . . . . . . . . .
December . . . . . . . . . . . . . . . . . . . . . . . . .
52
55
50
42
49
9
7
9
6
7
23
27
20
15
18
19
21
22
21
25
435
440
450
456
450
98
97
102
96
95
266
269
272
282
269
71
74
76
79
87
2.3
2.3
2.5
2.7
2.5
2024
January . . . . . . . . . . . . . . . . . . . . . . . . . . .
February . . . . . . . . . . . . . . . . . . . . . . . . . .
March . . . . . . . . . . . . . . . . . . . . . . . . . . . .
April . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
May (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .
June (r) . . . . . . . . . . . . . . . . . . . . . . . . . . .
July (r) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
August (p) . . . . . . . . . . . . . . . . . . . . . . . .
3
. Average RSE (%) . . . . . . . . . . . . . . . . .
58
58
65
65
61
59
65
58
11
11
9
9
11
8
8
10
8
14
22
25
24
22
23
22
26
21
12
25
25
32
32
30
29
29
29
11
458
457
455
458
466
467
462
470
6
97
93
92
88
96
90
96
103
9
276
273
276
281
281
282
268
263
5
85
90
87
88
89
94
98
104
10
2.7
2.5
2.8
2.3
2.4
2.2
2.3
2.3
11
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, September 25, 2024.
Additional information on the survey methodology may be found at .
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