New Home Sales At a Glance
- Annual Sales Rate (Seasonally Adjusted): 588,000
- Monthly Change: Down 2.8%
- Annual Change: Down 33.9%
- Median Sales Price: $216,000
- Unsold Inventory: 9.9 Months
Technorati Tags: home sales, new residential sales
NEW RESIDENTIAL SALES IN JANUARY 2008
Sales of new one-family houses in January 2008 were at a seasonally adjusted annual rate of 588,000, 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 (±15.3%)* below the revised December rate of 605,000 and is 33.9 percent (±10.0%) below the
January 2007 estimate of 890,000.
The median sales price of new houses sold in January 2008 was $216,000; the average sales price was $276,600. The
seasonally adjusted estimate of new houses for sale at the end of January was 482,000. This represents a supply of 9.9
months at the current sales rate.
New Residential Sales - January 2008 [PDF]
New Residential Sales - January 2008 [Excel]
Source: Commerce Department, Census Bureau
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