New Home Sales Jump 9.6% in July, Says U.S. Census Bureau

Residential News » Residential Real Estate Edition | By Michael Gerrity | August 26, 2009 3:25 PM ET

(News Source: U.S. Census Bureau & HUD)

(WASHINGTON, D.C.) -- Sales of new one-family houses in July 2009 were at a seasonally adjusted annual rate of 433,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.   This is 9.6 percent (±13.4%) above the revised June rate of 395,000, but is 13.4 percent (±12.9%) below the July 2008 estimate of 500,000.

The median sales price of new houses sold in July 2009 was $210,100; the average sales price was $269,200.   The seasonally adjusted estimate of new houses for sale at the end of July was 271,000.   This represents a supply of 7.5 months at the current sales rate.

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