New Home Sales Up Rebound in May

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The U.S. Government is reporting that sales of new single-family houses in April, 2020 were at a seasonally adjusted annual rate of 676k, which is 16.6% higher than  April’s revised rate, and is 12.7% higher than one year ago.  The median sales price of new houses sold in April was $317,900 with an average sales price of $368,800.  There were an estimated 318k new houses for sale at the end of May representing a 5.6month supply at the current sales rate.

Click here to read the full release at the U.S. Census Bureau.

 

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Director of Education & Outreach, National Real Estate Investors Association

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