The U.S. government is reporting that sales of new single-family houses in June, 2018, were at a seasonally adjusted annual rate of 631k, which is 5.3% lower than May’s revised rate but is 2.4% higher than June, 2017.  The median sales price of new houses sold in June 2018 was $302,100 and the average sales price was $363,300.  There were an estimated 301k new houses for sale at the end of June representing a 5.7 months supply at the current sales rate.

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