New Home Sales At a Glance
- Annual Sales Rate (Seasonally Adjusted): 711,000
- Monthly Change: Down 9.0%
- Annual Change: Down 34.4%
- Median Sales Price: $239,100
- Unsold Inventory: 9.3 Months
Technorati Tags: home sales, new residential sales
NEW RESIDENTIAL SALES IN NOVEMBER 2007
Sales of new one-family houses in November 2007 were at a seasonally adjusted annual rate of 647,000, according to
estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 9.0 percent (±13.9%)* below the revised October rate of 711,000 and is 34.4 percent (±7.9%) below the
November 2006 estimate of 987,000.
The median sales price of new houses sold in November 2007 was $239,100; the average sales price was $293,300. The
seasonally adjusted estimate of new houses for sale at the end of November was 505,000. This represents a supply of 9.3
months at the current sales rate.
New Home Sales - November 2007 [PDF]
New Home Sales - November 2007 [Excel]
Source: Commerce Department, Census Bureau
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