The median sales price of new houses sold in June 2014 was $273,500; the average sales price was $331,400. The seasonally adjusted estimate of new houses for sale at the end of June was 197,000. This represents a supply of 5.8 months at the current sales rate.
Sales in the Northeast dropped 20 percent from May and those in the South fell 9.5 percent. Sales in the Midwest contracted 8.2 percent and those in the West declined 1.9 percent.
Year-on-year, new home sales fell 11.5 percent in June.