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May 2017 New Residential Home Sales, Up 2.9%




May 2017 Monthly New Residential SalesJune 23, 2017 – The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for May 2017:

NEW RESIDENTIAL SALES MAY 2017:

New Houses Sold: 610,000
New Houses For Sale: 268,000
Median Sales Price: $345,800

New Home Sales
Sales of new single-family houses in May 2017 were at a seasonally adjusted annual rate of 610,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.9 percent (±13.0 percent)* above the revised April rate of 593,000 and is 8.9 percent (±21.9 percent)* above the May 2016 estimate of 560,000.

Sales Price
The median sales price of new houses sold in May 2017 was $345,800. The average sales price was $406,400.

For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of May was 268,000. This represents a supply of 5.3 months at the current sales rate.

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