Sales of new single-family houses in May 2013 were at a seasonally adjusted annual rate of 476,000, 2.1 percent above the revised April rate of 466,000, according to estimates released jointly late last month by the U.S. Census Bureau and the Department of Housing and Urban Development.
The sales figure is 29 percent above the May 2012 estimate of 369,000.
The median sales price of new houses sold in May 2013 was $263,900; the average sales price was $307,800. The seasonally adjusted estimate of new houses for sale at the end of May was 161,000. This represents a supply of 4.1 months at the current sales rate.