Single-Family House Sales Dipped In August

Sales of new single-family houses in August were at a seasonally adjusted annual rate of 373,000, according to estimates released jointly by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. This is 0.3% below the revised July rate of 374,000, but is 27.7% above the August 2011 estimate of 292,000.

The median sales price of new houses sold in August 2012 was $256,900; the average sales price was $295,300. The seasonally adjusted estimate of new houses for sale at the end of August was 141,000. This represents a supply of 4.5 months at the current sales rate.


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