New Residential Sales in April 2009

The seasonally adjusted estimate of new houses for sale at the end of April was 297,000. This represents a supply of 10.1 months at the current sales rate. – Courtesy of Sand Dollar Real Estate

Just another way to show how the housing market is starting to rebound, but still has a long road to recovery. Sales of new one-family houses in April 2009 were at a seasonally adjusted annual rate of 352,000, according to estimates. This is 0.3 percent (±14.5%) above the revised March rate of 351,000, but is 34.0 percent (±11%) below the April 2008 estimate of 533,000. The median sales price of new houses sold in April 2009 was $209,700; the average sales price was $254,000. – Courtesy of Bureau of Economic Analysis