Sales of new single‐family houses in May 2019 were at a seasonally adjusted annual rate of 626,000, according to estimates released jointly Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 7.8% below the revised April rate of 679,000 and is 3.7% below the May 2018 estimate of 650,000.
The median sales price of new houses sold in May 2019 was $308,000, down from $335,100 in April and and $316,700 a year earlier. The average sales price was $377,200, down from $386,500 in April but up from $372,600 in May, 2018.
The seasonally‐adjusted estimate of new houses for sale at the end of May was 333,000. This represents a supply of 6.4 months at the current sales rate.
