【Zillow】New Home Sales Rebounded More Than Expected In July

• There were 739,000 (SAAR) new single family-home sales nationwide in July, up 10.6% from the revised June rate of 668,000 and is 5.6% above the July 2023 estimate, according to the U.S. Census Bureau.
• The median price of new houses sold was $429,800, down 1.4% from a year ago.
• The seasonally-adjusted estimate of new houses for sale at the end of July was 462,000, a supply of 7.5 months at the current sales rate. This is down from 8.4 months in June but up from 7.3 months in July 2023.

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