Sales of new single-family homes in May were at a seasonally adjusted annual rate of 580,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development.
The May estimate is 7.3% below the April rate of 626,000, and is 6.8% below the May 2025 rate of 622,000.
The seasonally adjusted estimate of new houses for sale at the end of May was 496,000. This is 2.3% above the April estimate of 485,000, and is 1.4% below the May 2025 estimate of 503,000, representing a 10.3-month supply at the current sales rate.
The months’ supply is 10.8% above the April estimate of 9.3 months, and is 6.2% above the May 2025 estimate of 9.7 months.
The median sales price of new houses sold in May was $424,900. This is 2% above the April price of $416,500, and is virtually unchanged from the May 2025 price of $424,800.
The average sales price of new houses sold in May was $540,600. This is 7.8% above the April price of $501,400, and is 5% above the May 2025 price of $514,800.
