WASHINGTON - New-home sales jumped 9% in May compared with the year earlier, reaching a seasonally adjusted annual rate of 928,000, the Census Bureau reported Tuesday. Sales were also up one percentage point from April.
Sales of existing homes grew 3.5% in May from the year earlier and 2.9 percentage points from April, reaching a seasonally adjusted rate of 5.37 million, the National Association of Realtors reported Monday.
The Census Bureau said that the median sales price of a new home sold in May was $170,200 and the average was $211,800.
The national median existing-home sale price was $145,500 in May, up 5.7% from May of last year, the Realtors group reported.
