HUD and Census Bureau Report New Residential Sales in June 2020

WASHINGTON, D.C. — The U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau jointly announced the following new residential sales statistics for June 2020:

New Home Sales

Sales of new single-family houses in June 2020 were at a seasonally adjusted annual rate of 776,000. This is 13.8 percent (±17.8 percent)* above the revised May rate of 682,000 and is 6.9 percent (±13.7 percent)* above the June 2019 estimate of 726,000.

Sales Price

The median sales price of new houses sold in June 2020 was $329,200. The average sales price was $384,700.

For Sale Inventory and Months’ Supply

The seasonally adjusted estimate of new houses for sale at the end of June was 307,000. This represents a supply of 4.7 months at the current sales rate.

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Click here to read more about new residential sales activity.

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