Watch the livestream from Inman Connect Las Vegas today through Friday for free by joining Inman Select. Get full access to all Inman news stories for one year for the half-off price of $99.
Across the country, new-home sales rose 7 percent from May to June and are up 4.5 percent year-over-year to a seasonally adjusted rate of 646,000 homes, according to data from the U.S. Census Bureau and Housing and Urban Development.
Census Bureau
A total of 338,000 new homes were listed for sale. The median sales price of a new home was $310,400 while the average sales price was $368,600.
The strong growth comes following a May slump, highlighting increasing confidence among buyers.