July Single-Family Home Sales Down From June but Up 4.3% YOY

Washington, DC, August 23, 2019-Sales of new single‐family houses in July 2019 were at a seasonally adjusted annual rate of 635,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 12.8% below the revised June rate of 728,000, but is 4.3% above the July 2018 estimate of 609,000.

The median sales price of new houses sold in July 2019 was $312,800. The average sales price was $388,000.

The seasonally‐adjusted estimate of new houses for sale at the end of July was 337,000. This represents a supply of 6.4 months at the current sales rate.