New Home Sales At a Glance
- Annual Sales Rate (Seasonally Adjusted): 870,000
- Monthly Change: Up 2.8%
- Annual Change: Down 10.2%
- Median Sales Price: $239,500
- Unsold Inventory: 7.5 Months
Technorati Tags: home sales, new residential sales
NEW RESIDENTIAL SALES IN JULY 2007
Sales of new one-family houses in June 2007 were at a seasonally adjusted annual rate of 870,000, according to
estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban
Development. This is 2.8 percent (±12.0%)* above the revised June rate of 846,000 and is 10.2 percent (±12.3%)*
below the July 2006 estimate of 969,000.
The median sales price of new houses sold in July 2007 was $239,500; the average sales price was $300,800. The
seasonally adjusted estimate of new houses for sale at the end of July was 533,000. This represents a supply of
7.5 months at the current sales rate.
New Residential Sales July 2007 [PDF]
New Residential Sales July 2007 [Excel]
Source: Commerce Department, Census Bureau
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