New Homes Sales May Of 2022

By
Real Estate Agent with Berkshire Hathaway Home Services Crest CDRE #01044712

On June 24, 2022, the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau reported nationwide new single family home sales increased 10.7% to an annual rate of 696,000 homes in May of 2022 from 629,000 homes in April of 2022, but decreased 5.9% from an annual rate of 740,000 homes in May of 2021.

The median new home sold value was $449,000, while the average sales price was $511,400 in May of 2022.

There were estimated 444,000 new houses for sale, and 7.7 months supplies of available inventory at the end of May of 2022.

For complete more detailed information about HUD and U.S. Census Bureau report of new home sales May of 2022, please click HERE

Posted by

John Pusa

Real estate agent, Glendale, CA

Better way to buy and sell real estate

Berkshire Hathaway Home Services Crest

Office (818) 441-8881

Mobile (818) 441-8881

4005 Foothill Blvd.

La Crescenta, CA. 91214

Comments (10)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi John - always interesting stat and I am a person that reads the data points but then looks at the trends.  So your continued reporting helps me see the trends.

Jun 25, 2022 06:14 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, John... for the better part of several decades, Charlotte region was the "land of new construction." Last year inventory dropped precipitously and we are still no where near where we need to be to meet demand.

Jun 25, 2022 06:18 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great information.  Thanks for sharing and enjoy your day!

Jun 25, 2022 06:32 AM
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

Looks like we're heading into a slower selling season this year.

Jun 25, 2022 07:34 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Thank you for sharing the information. Buyers and sellers in your area will benefit from your expertise. Wishing you continued success.  Have a wonderful day and sell a house.  bill

Jun 25, 2022 09:41 AM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Grant Schneider glad to know you always find my stats very interesting, and you read the data points but then looks at the trends of  my continued reporting helps you see the trends. Thanks for the comment.

Jun 25, 2022 02:08 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Good Nina Hollander, Broker good to know the better part of several decades, Charlotte region was the land of new construction. You are right, last year in Charlotte, and in many other areas inventory dropped precipitously and no where near where to be to meet demand. Thanks for the comment.

Jun 25, 2022 02:12 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Kristin Johnston - REALTOR® you are welcome, and glad you find the report very informative. Enjoy your day too! Thanks for the comment.

Jun 25, 2022 02:13 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Tony Lewis you are right, it looks like we're heading into a slower selling season this year. Thanks for the comment.

Jun 25, 2022 02:14 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Bill Salvatore - East Valley you are welcome, and glad you find the report very informative and beneficial to buyers and sellers in your area. Thank you, wishing you continued success, and have a wonderful day and sell a house too. Thanks for the comment.

Jun 25, 2022 02:17 PM