Posted February 27, 2024

U.S. New Home Sales Rise 1.5% in January

Average selling price is $534,300.

New Home Sales
Sales of new single‐family houses in January 2024 were at a seasonally adjusted annual rate of 661,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 1.5 percent (±19.9 percent)* above the revised December rate of 651,000 and is 1.8 percent (±19.4 percent)* above the January 2023 estimate of 649,000.

Sales Price
The median sales price of new houses sold in January 2024 was $420,700. The average sales price was $534,300.

For Sale Inventory and Months’ Supply
The seasonally‐adjusted estimate of new houses for sale at the end of January was 456,000. This represents a supply of 8.3 months at the current sales rate.