New home sales plummet to lowest level since November as mortgage rates stay high
![New home sales plummet to lowest level since November as mortgage rates stay high](https://nypost.com/wp-content%2Fuploads%2Fsites%2F2%2F2024%2F06%2Fmay-new-home-sales.jpg?quality%3D90%26strip%3Dall%261719401138)
The median new house price fell 0.9% to $417,400 in May from a year ago. Nearly half of the new homes sold last month were priced under $399,000.
The median new house price fell 0.9% to $417,400 in May from a year ago. Nearly half of the new homes sold last month were priced under $399,000.