June’s new-home sales up 15.1 percent from 2011

New-home sales in June were 15.1 percent above where they were last June, according to the newest data released by the Census Bureau and Department of Housing and Urban Development (HUD) today. At the same time, the seasonally adjusted annual rate of 350,000 marked an 8.4 percent drop from May 2012.

Divided geographically, the West (36.1 percent), Midwest (19.6 percent), and South (6.5 percent) all saw new-home sales increase during the month. The Northeast registered no change.

The median sales price of new houses sold in June 2012 was $232,600; the average sales price was $273,900. The seasonally adjusted estimate of new houses for sale at the end of June was 144,000. This represents a supply of 4.9 months at the current sales rate.

To see the rest of the monthly data, click here.