New Home Sales Drop 2.5% in June

The U.S. Government is reporting that sales of new single-family houses in June, 2023 were at a seasonally adjusted annual rate of 697k, which is 2.5% lower than May’s revised rate but is 23.8% higher than one year ago.  The median sales price of new houses sold in June was $415,400 with an average sales price of $494,700.  There were an estimated 432k new houses for sale at the end of June representing a 7.4-month supply at the current sales rate.

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

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