Residential New Home Sales In July 2010
Sales of new single-family houses in July 2010 were at a seasonally adjusted annual rate of 276,000, This is 12.4 percent (±10.8%) below the revised June rate.
Palm Coast, FL – August 25, 2010 – Sales of new single-family houses in July 2010 were at a seasonally adjusted annual rate of 276,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 12.4 percent (±10.8%) below the revised June rate of 315,000 and is 32.4 percent (±8.7%) below the July 2009 estimate of 408,000.
The median sales price of new houses sold in July 2010 was $204,000; the average sales price was $235,300. The seasonally adjusted estimate of new houses for sale at the end of July was 210,000. This represents a supply of 9.1 months at the current sales rate.
How did different regions fare?
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Northeast – down nearly 35%
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South – down 25.5%
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Midwest – down 15.1%
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West – down 9.8%
Source: U.S. Census Bureau News and U.S. Department of Housing and Urban Development
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