The U.S. Department of Housing and Urban Development and the U.S. Department of Commerce reported record high new housing sells for May 2003. The trend continued into the summer. In June, there were 1,160,000 new single-family home sold, an increase of 4.7% over May. In May, the trend seemed to be that as interest levels fell, housing prices rose. But June?EUR??,,????'???s rates show that even with low interest rates, housing prices started to fall, with median prices down from $195,200 in May to $187,000 in June. The average sales price was down from $243,500 in May to $242,500 in June. New Homes Sales, June 2003 1,160,000 Percent change from last month 4.7% Percent change from last year 21.0% New Homes Sold in June by Construction Stage Total sold 104,000 Homes sold but not started 40,000 Homes sold and under construction 38,000 Homes sold and completed 26,000 Survey of Houses Sold By Sales Price: % Distribution Total: 104,000 100 Under $100,000 7,000 7 $100,000 - $124,999 11,000 10 $125,000 - $149,999 15,000 14 $150,000 - $199,999 26,000 25 $200,000 - $249,999 10,000 10 $250,000 - $299,999 9,000 9 $300,000 and over 26,000 25 (Numbers may not add up due to rounding)