New Home Sales At a Glance
- Annual Sales Rate (Seasonally Adjusted): 526,000
- Monthly Change: Down 8.5%
- Annual Change: Down 36.6%
- Median Sales Price: $227,600
- Unsold Inventory: 11 Months
Technorati Tags: home sales, new residential sales
NEW RESIDENTIAL SALES IN MARCH 2008
Sales of new one-family houses in March 2008 were at a seasonally adjusted annual rate of 526,000, according to
estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 8.5 percent (±16.1%)* below the revised February rate of 575,000 and is 36.6 percent (±11.1%) below the March
2007 estimate of 830,000.
The median sales price of new houses sold in March 2008 was $227,600; the average sales price was $292,200. The
seasonally adjusted estimate of new houses for sale at the end of March was 468,000. This represents a supply of 11.0
months at the current sales rate.
New home sales - March 2008 [PDF]
New home sales - March 2008 [Excel]
Source: Commerce Department, Census Bureau
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