Sales of new single-family houses in May were at a seasonally adjusted annual rate of 369,000, according to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.6% above the revised April rate of 343,000 and 19.8% above the May 2011 estimate of 308,000.
The median sales price of new houses sold in May was $234,500; the average sales price was $273,900. The seasonally adjusted estimate of new houses for sale at the end of May was 145,000. This represents a supply of 4.7 months at the current sales rate.