New Home Sales - December 2008

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New Home Sales At a Glance

Annual Sales Rate (Seasonally Adjusted): 331,000
Monthly Change: Down 14.7%
Annual Change: Down 44.8%
Median Sales Price: $206,500
Monthly change: Down $13,900
Unsold Inventory: 12.9 months

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NEW RESIDENTIAL SALES IN DECEMBER 2008
Sales of new one-family houses in December 2008 were at a seasonally adjusted annual rate of 331,000, according to
estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development.
This is 14.7 percent (±13.9%) below the revised November of 388,000 and is 44.8 percent (±10.8%) below the December
2007 estimate of 600,000.
The median sales price of new houses sold in December 2008 was $206,500; the average sales price was $246,900. The
seasonally adjusted estimate of new houses for sale at the end of December was 357,000. This represents a supply of
12.9 months at the current sales rate.
An estimated 482,000 new homes were sold in 2008. This is 37.8 percent (±2.7%) below the 2007 figure of 776,000.

New Home Sales - December 2008 [PDF]

New Home Sales - December 2008 [Excel]

Source: Commerce Department, Census Bureau