New Single-Family Home Sales Up 7%

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The U.S. Government is reporting that sales of new single-family houses in June, 2019 were at a seasonally adjusted annual rate of 646k, which is 7% higher than May’s revised rate and is 4.5% above June, 2018.  The median sales price of new houses sold in June was $310,400 and the average sales price was $368,600.  There was an estimated 338k new houses for sale at the end of June representing a 6.3 months supply at the current sales rate.

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

 

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Director of Education & Outreach, National Real Estate Investors Association