New Home Sales At a Glance
- Annual Sales Rate (Seasonally Adjusted): 512,000
- Monthly Change: Down 2.5%
- Annual Change: Down 40.3%
- Median Sales Price: $231,000
- Monthly change: Down $15,500
- Unsold Inventory: 10.9 Months
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NEW RESIDENTIAL SALES IN MAY 2008
Sales of new one-family houses in May 2008 were at a seasonally adjusted annual rate of 512,000, according to estimates
released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.5
percent (±13.7%)* below the revised April rate of 525,000 and is 40.3 percent (±6.9%) below the May 2007 estimate of
857,000.
The median sales price of new houses sold in May 2008 was $231,000; the average sales price was $311,300. The
seasonally adjusted estimate of new houses for sale at the end of May was 453,000. This represents a supply of 10.9
months at the current sales rate.
New Home Sales - May 2008 [PDF]
New Home Sales - May 2008 [Excel]
Source: Commerce Department, Census Bureau
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