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New home sales rise 23.6 percent in June

Sales of new homes rose 23.6 percent in June compared with May to a seasonally adjusted annual rate of 330,000 units, the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development (HUD) announced this week.  On a year-over-year basis, new home sales declined 16.7 percent.

The median sales price of new houses sold in June 2010 was $213,400; the average sales price was $242,900. The seasonally adjusted estimate of new houses for sale at the end of June was 210,000 units, representing a supply of 7.6 months at the current sales rate.

Reprinted from C.A.R.

Posted by Adam Mallory on August 4th, 2010 9:59 AMPost a Comment (0)

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