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NEW YORK (

TheStreet

) -- Video game sales fell 5% in May as demand weakened for consoles.

Even though sales dropped to $823.5 million from $865.7 million last year, according to the NPD Group, it was still the third best May on record. Hardware sales plunged 20% to $241.5 million, while software sales gained 4% to $466.3 million. Accessories also grew 3% to $115.7 million.

Nintendo's

Wii console was the top selling platform for the month, followed by

Microsoft's

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Xbox 360 and

Sony's

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Playstation 3.

Take-Two Interactive Software's

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Red Dead Redemption

was the top game in the month, selling 1.5 million units.

More on Video Games The Best Video Games at E3 2010

-- Reported by Jeanine Poggi in New York.

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