US home sales rose in May due to limited inventory & demand

US home sales rose in May due to limited inventory & demand

Posted on July 3, 2023   |  

New residential single-family home sales grew annually by 12.2% to 763,000 seasonally adjusted annual rate compared to the revised April rate and are 20.0% higher than May 2022.

The median sales price of new homes reached $416,300 down 7.6% compared to 2022

Regionally, in the Northeast and the South, new home sales grew annually by 0.8% and 1.6% respectively. 

In the Midwest, new home sales are down 2.5%, and 20.7% in the affordability-challenged West.



Previous Next

Help us by filling out this quick price survey

A PHP Error was encountered

Severity: Warning

Message: Trying to access array offset on value of type null

Filename: layouts/market_data_layout.php

Line Number: 124

Backtrace:

File: /var/www/html/application/views/layouts/market_data_layout.php
Line: 124
Function: _error_handler

File: /var/www/html/application/hooks/secDisplay.php
Line: 50
Function: view

File: /var/www/html/index.php
Line: 332
Function: require_once

A PHP Error was encountered

Severity: 8192

Message: trim(): Passing null to parameter #1 ($string) of type string is deprecated

Filename: layouts/market_data_layout.php

Line Number: 124

Backtrace:

File: /var/www/html/application/views/layouts/market_data_layout.php
Line: 124
Function: trim

File: /var/www/html/application/hooks/secDisplay.php
Line: 50
Function: view

File: /var/www/html/index.php
Line: 332
Function: require_once

https://www.timber.exchange/global-timber-pricing-survey?u=a4044254917a2c465a1d111d42fb2c8d9190aed031c2f7faf7625f1eb1eedb6f9d956323f23ddc8621c013be3906552a059d8385954c18fe963e6bc032badb83dNkUehHe0nefhFwv%2FLwUDaqC5pmAs%2F99ddvPFsd1mew%3D" class="survey-banner-link" id="bannerLink" target="_blank"> Take Survey