National new home sales for May; 2021

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. 

About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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