【Zillow】August 2024: New Home Sales Fell In August, But Remain Higher Than Expected

• There were 716,000 (SAAR) new single family-home sales nationwide in August, down 4.7% from the revised July rate of 751,000 and is 9.8% above the August 2023 estimate, according to the U.S. Census Bureau.
• The median price of new houses sold was $420,600, down 4.6% from a year ago.
• The seasonally-adjusted estimate of new houses for sale at the end of August was 467,000, a supply of 7.8 months at the current sales rate. This is up from 7.3 months in July but slightly down from 7.9 months in August 2023.

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