The U.S. Government is reporting that sales of new single-family houses in May, 2024 were at a seasonally adjusted annual rate of 619k, which is 11.3% lower than April’s revised rate and is 16.5% lower than one year ago. The median sales price of new houses sold in May was $417,400 with an average sales price of $520k. There were an estimated 481k new houses for sale at the end of May representing a 9.3-month supply at the current sales rate.
Click here to read the full report at the U.S. Census Bureau.
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