US Commerce Department Releases New Homes Sales Numbers for August 2009

Residential News » Residential Real Estate Edition | By Michael Gerrity | September 25, 2009 10:20 AM ET

(News Source: US Department of Commerce)

(WASHINGTON, D.C.) -- Sales of new one-family houses in August 2009 were at a seasonally adjusted annual rate of 429,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.7 percent (±16.2%) above the revised July rate of 426,000, but is 3.4 percent (±13.3%) below the August 2008 estimate of 444,000.

The median sales price of new houses sold in August 2009 was $195,200; the average sales price was $256,800. The seasonally adjusted estimate of new houses for sale at the end of August was 262,000. This represents a supply of 7.3 months at the current sales rate.

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