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