Boston Real Estate Investors Association

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.

new single family houses sold June 2023

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

 

The post New Home Sales Drop 2.5% in June appeared first on Real Estate Investing Today.



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