Posted June 23, 2021

New Home Sales Slip 5.9 Percent in May

Average selling price was $430,600.

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for May 2021:

New Home Sales
Sales of new single‐family houses in May 2021 were at a seasonally adjusted annual rate of 769,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.  

This is 5.9 percent (±18.6 percent)* below the revised April rate of 817,000, but is 9.2 percent (±28.7 percent)* above the May 2020 estimate of 704,000.

Sales Price
The median sales price of new houses sold in May 2021 was $374,400.  The average sales price was $430,600.  

For Sale Inventory and Months’ Supply
The seasonally‐adjusted estimate of new houses for sale at the end of May was 330,000.  This represents a supply of 5.1 months at the current sales rate.