New Home Sales At a Glance
- Annual Sales Rate (Seasonally Adjusted): 590,000
- Monthly Change: Down 1.8%
- Annual Change: Down 29.8%
- Median Sales Price: $244,100
- Unsold Inventory: 9.8 Months
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NEW RESIDENTIAL SALES IN FEBRUARY 2008
Sales of new one-family houses in February 2008 were at a seasonally adjusted annual rate of 590,000, according to
estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 1.8 percent (±15.0%)* below the revised January rate of 601,000 and is 29.8 percent (±9.6%) below the February
2007 estimate of 840,000.
The median sales price of new houses sold in February 2008 was $244,100; the average sales price was $296,400. The
seasonally adjusted estimate of new houses for sale at the end of February was 471,000. This represents a supply of 9.8
months at the current sales rate.
New Home Sales - February 2008 [PDF]
New Home Sales - February 2008 [Excel]
Source: Commerce Department, Census Bureau
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