The WPJ

New Home Sales Drop 11.2% in January 2010

Residential News » Residential Real Estate Edition | By Michael Gerrity | February 24, 2010 12:04 PM ET



(WASHINGTON, DC) - According to a joint release today by the U.S. Census Bureau and U.S. Department of Housing and Urban Development, sales of new single-family houses in January 2010 were at a seasonally adjusted annual rate of 309,000.

This is 11.2 percent (±14.0%) below the revised December rate of 348,000 and is 6.1 percent (±15.1%) below the January 2009 estimate of 329,000.

The median sales price of new houses sold in January 2010 was $203,500; the average sales price was $254,500. The seasonally adjusted estimate of new houses for sale at the end of January was 234,000. This represents a supply of 9.1 months at the current sales rate.

 


Real Estate Listings Showcase

This website uses cookies to improve user experience. By using our website you consent in accordance with our Cookie Policy. Read More