【Zillow】March 2024: New home Sales Rebound – Exceeding Expectations

• There were 693,000 (SAAR) new single family-home sales nationwide in March up 8.8% from the revised February rate of 637,000 and 8.3% above the March 2023 estimate, according to the U.S. Census Bureau.
• The median price of new houses sold was $430,700 down 1.9% from a year ago.
• The seasonally-adjusted estimate of new houses for sale at the end of March was 477,000, a supply of 8.3 months at the current sales rate. This is down from 8.8 months in February but up slightly from last March.

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