Sales of new single‐family houses in May 2023 were at a seasonally adjusted annual rate of 763,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development.
This is 12.2 percent (±12.8 percent) above the revised April rate of 680,000 and is 20.0 percent (±15.5 percent) above the May 2022 estimate of 636,000.
The median sales price of new houses sold in May 2023 was $416,300. The average sales price was $487,300.
The seasonally‐adjusted estimate of new houses for sale at the end of May was 428,000. This represents a supply of 6.7 months at the current sales rate.