US New Residential Single-Family Home Sales Down Month-Over-Month but Up Year-Over-Year in June

Posted on July 26, 2023

The US Census Bureau and the Department of Housing and Urban Development jointly announced on Wednesday (7-26-23) that new residential single-family home sales for June were at a SAAR of 697,000, according to estimates. This is 2.5% below the revised May rate of 715,000 but 23.8% above the June 2022 estimate of 563,000.

The median sales price of new houses sold in June was $415,400. The average sales price was $494,700.

The seasonally adjusted estimate of new houses for sale at the end of June was 432,000. This represents a supply of 7.4 months based on the current rate of sales.

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