US New Single-Family Home Sales Fall in May
Monthly New Residential Sales, May 2026
On Wednesday, the US Census Bureau and Department of Housing and Urban Development reported that new residential single-family home sales were at a seasonally adjusted annual rate (SAAR) of 580,000 in May, according to estimates. This is 7.3% below the April rate of 626,000 and 6.8% below the May 2025 estimate of 622,000.
The seasonally adjusted estimate of new houses for sale at the end of May was 496,000. This is 2.3% above the April estimate of 485,000 but 1.4% below the May 2025 estimate of 503,000. This represents a supply of 10.3 months at the current sales rate—10.8% above the April estimate of 9.3 months and 6.2% above the May 2025 estimate of 9.7 months.
The median sales price was $424,900, 2.0% above the April price of $416,500 and virtually unchanged from the May 2025 price of $424,800.
The average sales price was $540,600, 7.8% above the April price of $501,400 and 5.0% above the May 2025 price of $514,800.
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