US housing sales up 2.2 percent in May

Wednesday, 24 June 2015 01:41:25 (GMT+3)   |   San Diego
       

Sales of new single-family houses in May 2015 were at a seasonally adjusted annual rate of 546,000, according to estimates released jointly today by the US Census Bureau and the Department of Housing and Urban Development. This is 2.2 percent (±16.7 percent) above the revised April rate of 534,000 and is 19.5 percent (±19.7 percent) above the May 2014 estimate of 457,000.

The median sales price of new houses sold in May 2015 was $282,800; the average sales price was $337,000. The seasonally adjusted estimate of new houses for sale at the end of May was 206,000. This represents a supply of 4.5 months at the current sales rate.


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