Sales of new single-family houses in June were at a seasonally adjusted annual rate of 350,000, according to estimates released jointly by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. June's sales are 8.4% below the revised May rate of 382,000, but 15.1% above the June 2011 estimate of 304,000.
The median sales price of new houses sold in June was $232,600; the average sales price was $273,900. The seasonally adjusted estimate of new houses for sale at the end of June was $144,000. This represents a supply of 4.9 months at the current sales rate.
