New Residential Sales in July 2009

 

The seasonally adjusted estimate of new houses for sale at the end of July was 271,000. This represents a supply of 7.5 months at the current sales rate. Courtesy of YourActionNews.com

Sales of new one-family houses in July 2009 were at a seasonally adjusted annual rate of 433,000, according to estimates released by the Department of Housing and Urban Development. This is 9.6 percent above the revised June rate of 395,000, but is 13.4 percent below the July 2008 estimate of 500,000. The median sales price of new houses sold in July 2009 was $210,100; the average sales price was $269,200. These figures show slow growth and an uphill climb to reach the numbers of a couple of years ago.

Courtesy of Economics & Statistics Administration