New Residential Sales in August

The seasonally adjusted estimate of new houses for sale at the end of August was 162,000. This represents a supply of 6.6 months at the current sales rate.

Sales of new single-family houses in August 2011 were at a seasonally adjusted annual rate of 295,000, according to estimates. This is 2.3 percent (±13.9 percent)* below the revised July rate of 302,000, but is 6.1 percent (±18.8 percent)* above the August 2010 estimate of 278,000. The median sales price of new houses sold in August 2011 was $209,100; the average sales price was $246,000.

– Courtesy of US Census Bureau