U.S. Census Bureau Releases New Residential Sales in March 2009

Residential News » Residential Real Estate Edition | By Michael Gerrity | April 28, 2009 2:49 PM ET

(News Source: U.S. Census Bureau)

(WASHINGTON, D.C.) -- Sales of new one-family houses in March 2009 were at a seasonally adjusted annual rate of 356,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.6 percent (±19.0%) below the revised February rate of 358,000 and is 30.6 percent (±10.7%) below the March 2008 estimate of 513,000.

The median sales price of new houses sold in March 2009 was $201,400; the average sales price was $258,000. The seasonally adjusted estimate of new houses for sale at the end of March was 311,000. This represents a supply of 10.7 months at the current sales rate.

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