Median Number of Months on Sales Market for Newly Completed Homes : 2.6 (As of 2024-11-01)
Basic Info
This is a metric that tracks the median amount of time newly constructed homes remain on the market before being sold in the United States. This is the median number of months for sale since the completion of the home. A shorter median time on the market indicates strong buyer interest in newly completed homes. Conversely, a longer median time may indicate a surplus of new homes, higher prices, or economic uncertainty.
Monthly , not seasonally adjusted.
Median Number of Months on Sales Market for Newly Completed Homes was 2.6 as of 2024-11-01, according to United States Census Bureau. Historically, Median Number of Months on Sales Market for Newly Completed Homes reached a record high of 14 and a record low of 1.5, the median value is 4.6. Typical value range is from 2.5 to 3.9. The Year-Over-Year growth is -3.69%. GuruFocus provides the current actual value, an historical data chart and related indicators for Median Number of Months on Sales Market for Newly Completed Homes - last updated on 2024-11-01.
| Category | Production & Business Activity |
| Region | USA |
| Source | United States Census Bureau |
Stats
| Name | Value | ||
|---|---|---|---|
| Last Value | 2.6 | ||
| Latest Period | 2024-11-01 | ||
| Long Term Average | 3.19 | ||
| Average Annualized Growth Rate | -1.18% | ||
| Value from 1 year ago | 2.7 | ||
| Change from 1 year ago | -3.7% | ||
| Frequency | Daily | ||
| Unit | Months | ||
| Download Source | source link |
Related Indicators
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