New-Home Sales Drop 2.5% in June but are Nearly 24% Above Last June

Washington, D.C., July 26, 2023--Sales of new single‚Äźfamily houses in June 2023 were at a seasonally adjusted annual rate of 697,000, according to the most recent estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 2.5% below the revised May rate of 715,000 but 23.8% above the June 2022 estimate of 563,000.

The median sales price of new houses sold in June 2023 was $415,400. The average sales price was $494,700.

The seasonally adjusted estimate of new houses for sale at the end of June was 432,000. This represents a supply of 7.4 months at the current sales rate.

Related Topics:U.S. Census Bureau