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US Census Bureau News Joint Release
Wednesday, Jun 24, 2009

US Census Bureau News Joint Release

US Census Bureau News Joint Release, US Department of Housing and Urban Development

NEW RESIDENTIAL SALES IN MAY 2009

Sales of new one-family houses in May 2009 were at a seasonally adjusted annual rate of 342,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.6 percent (±17.8%)* below the revised April rate of 344,000 and is 32.8 percent (±10.9%) below the May 2008 estimate of 509,000.

The median sales price of new houses sold in May 2009 was $221,600; the average sales price was $274,300. The seasonally adjusted estimate of new houses for sale at the end of May was 292,000. This represents a supply of 10.2 months at the current sales rate.

Please click here to view entire release.

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