EconoIndicators

New Home Sales At a Glance

• Annual Sales Rate (Seasonally Adjusted): 515,000
• Monthly Change: Up 2.4%
• Annual Change: Down 35.3%
• Median Sales Price: $230,700
• Monthly change: Down $300
• Unsold Inventory: 10.1 months

Technorati Tags: home sales, new residential sales

NEW RESIDENTIAL SALES IN JULY 2008
Sales of new one-family houses in July 2008 were at a seasonally adjusted annual rate of 515,000, according to estimates
released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.4
percent (±11.6%)* above the revised June rate of 503,000, but is 35.3 percent (±7.3%) below the July 2007 estimate of
796,000.
The median sales price of new houses sold in July 2008 was $230,700; the average sales price was $294,600. The
seasonally adjusted estimate of new houses for sale at the end of July was 416,000. This represents a supply of 10.1
months at the current sales rate.

New Home Sales – July 2008 [PDF]

New Home Sales – July 2008 [Excel]

Source: Commerce Department, Census Bureau