EconoIndicators

New Home Sales At a Glance

• Annual Sales Rate (Seasonally Adjusted): 464,000
• Monthly Change: Up 2.7%
• Annual Change: Down 33.1%
• Median Sales Price: $218,400
• Monthly change: Down $3,500
• Unsold Inventory: 10.4 months

Technorati Tags: home sales, new residential sales

NEW RESIDENTIAL SALES IN SEPTEMBER 2008

Sales of new one-family houses in September 2008 were at a seasonally adjusted annual rate of 464,000, according to

estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 2.7 percent (±12.1%)* above the revised August rate of 452,000, but is 33.1 percent (±8.9%) below the September

2007 estimate of 694,000.

The median sales price of new houses sold in September 2008 was $218,400; the average sales price was $275,500. The

seasonally adjusted estimate of new houses for sale at the end of September was 394,000. This represents a supply of

10.4 months at the current sales rate.

New Residential Sales – September 2008 [PDF]

Source: Commerce Department, Census Bureau