Sales of new homes remained unchanged at a seasonally adjusted annual rate of 288,000 units in August compared with July, the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development (HUD) announced. On a year-over-year basis, new home sales declined 28.9 percent.
The median sales price of new houses sold in August 2010 was $204,700; the average sales price was $248,000. The seasonally adjusted estimate of new houses for sale at the end of August was 206,000 units, representing a supply of 8.6 months at the current sales rate.
Source: U.S. Census Bureau
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