Sales of new single-family houses declined 8.1 percent in October compared with September to a seasonally adjusted annual rate of 283,000 units, according to the U.S. Census Bureau and the Dept. of Housing and Urban Development. The annual rate decreased 28.5 percent compared with October 2009.
The median sales price of new houses sold in October was $194,900; the average sales price was $248,200. The seasonally adjusted estimate of new houses for sale at the end of October was 202,000 units, representing a supply of 8.6 months at the current sales rate.
Source: U.S. Census Bureau
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