NEW HOME SALES SLUMP 11.3% IN MAY TO 6-MONTH LOW

Key Points:

• New home sales fell 11.3% in May from April to a seasonally adjusted 619K.
• New home sales were 16.5% lower than May 2023.
• The median sales price of new houses sold in May was $417,400 and the average sales price was $520,000.
• The Right Facts will continue to monitor home sales.