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Census and HUD Release Data on New Residential Sales in June 2009

News release: “Sales of new one-family houses in June 2009 were at a seasonally adjusted annual rate of 384,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.0 percent (±13.2%) above the revised May rate of 346,000, but is 21.3 percent (±11.4%) below the June 2008 estimate of 488,000. The median sales price of new houses sold in June 2009 was $206,200; the average sales price was $276,900. The seasonally adjusted estimate of new houses for sale at the end of June was 281,000. This represents a supply of 8.8 months at the current sales rate.”

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