By Greg Robb
WASHINGTON (MarketWatch) - U.S. new home sales rebounded in June after falling to all-time low in May, the Commerce Department estimated Monday. The increase in new-home sales to a seasonally adjusted annual rate of 330,000 was well above the 316,000 pace expected by economists surveyed by MarketWatch. New-home sales in May fell a revised 36.7% in May to a record low 267,000 level compared with the previous estimate of a 32.7% fall to 300,000. New-home sales are down 16.7% compared with a year ago. The months' supply of homes on the market fell to 7.6 months in June from 9.6 months in May. Median sales prices have fallen 0.6% in the past year to $213,400.
