New Home Sales At a Glance
- Annual Sales Rate (Seasonally Adjusted): 407,000
- Monthly Change: Down 2.9%
- Annual Change: Down 35.3%
- Median Sales Price: $220,400
- Monthly change:
- 11.5 months
Technorati Tags: home sales, new residential sales
NEW RESIDENTIAL SALES IN NOVEMBER 2008
Sales of new one-family houses in November 2008 were at a seasonally adjusted annual rate of 407,000, according to
estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 2.9 percent (±13.9%)* below the revised October of 419,000 and is 35.3 percent (±11.4%) below the November
2007 estimate of 629,000.
The median sales price of new houses sold in November 2008 was $220,400; the average sales price was $287,500. The
seasonally adjusted estimate of new houses for sale at the end of November was 374,000. This represents a supply of
11.5 months at the current sales rate.
Source: Commerce Department, Census Bureau
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