Sales Dip in December for New Residential Sales

 

The Northeast had the best results in the country with sales of 40,000 new units in December, an increase of 12,000 over the previous month and 10,000 more than a year ago. - Photo Courtesy of Integrity Group Inc.

Sales of new one-family houses in December 2009 were at a seasonally adjusted annual rate of 342,000, according to estimates.

The poorest results came from the Midwest, which saw a decline from 73,000 new units sold in November to only 43,000 in December. This amount was also lower than a year ago with 59,000 new units sold. This is 7.6 percent (???????(R)???????+???????(R)??????oe???????(R)???????+???????(R)????????14.6 percent)* below the revised November rate of 370,000 and is 8.6 percent (???????(R)???????+???????(R)??????oe???????(R)???????+???????(R)????????15.2 percent)* below the December 2008 estimate of 374,000.

The median sales price of new houses sold in December 2009 was $221,300; the average sales price was $290,600. The seasonally adjusted estimate of new houses for sale at the end of December was 231,000. This represents a supply of 8.1 months at the current sales rate.

An estimated 374,000 new homes were sold in 2009. This is 22.9 percent below the 2008 figure of 485,000. ?EUR??,,????'?????<