The WPJ
Residential Real Estate News
New Home Sales Drop 11.2% in January 2010
(WASHINGTON, DC) - According to a joint release today by the U.S. Census Bureau and U.S. Department of Housing and Urban Development, sales of new single-family houses in January 2010 were at a seasonally adjusted annual rate of 309,000.
This is 11.2 percent (±14.0%) below the revised December rate of 348,000 and is 6.1 percent (±15.1%) below the January 2009 estimate of 329,000.
The median sales price of new houses sold in January 2010 was $203,500; the average sales price was $254,500. The seasonally adjusted estimate of new houses for sale at the end of January was 234,000. This represents a supply of 9.1 months at the current sales rate.
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