- New home sales fell 12.6% in July from June to a seasonally adjusted 511K.
- New home sales dropped in June to the lowest level since January 2016.
- New home sales were 29.6% lower than July 2021.
- June sales were also revised down to 585K from 590K.
- The median sales price of new houses sold in July 2022 was $439,400 and the average sales price was $546,800.
- The Right Facts will continue to monitor home sales.