Sales of new single‐family houses came in at a seasonally adjusted annual rate of 698,000 in December 2024, data from the United States Census Bureau and the Department of Housing and Urban Development showed on Monday.
Month on month, the figure grew 3.6%. On an annual basis, the reading jumped 6.7%.
In December, the median sales price of new houses sold amounted to $427,000, while the average sales price came in at $513,600. The seasonally-adjusted estimate of new houses for sale at the end of December 2024 stood at 494,000, translating to an 8.5-month supply at the current rate of sales.