June 23, 2021 ‐ 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 RESIDENTIAL SALES MAY 2021
New Houses Sold : 769,000 New Houses For Sale : 330,000 Median Sales Price: $374,400
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.
The June report is scheduled for release on July 26, 2021.