Home Sales Down 6.2% In 2011

Posted by Orb Staff on January 27, 2012 No Comments
Categories : Residential Mortgage

10816_sale2 Home Sales Down 6.2% In 2011 An estimated 302,000 new homes were sold in 2011, a 6.2% decline from the 2010 figure of 323,000, according to new data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Sales of new single-family houses in December 2011 were at a seasonally adjusted annual rate of 307,000, which is 2.2% below the revised November rate of 314,000 and 7.3% below the December 2010 estimate of 331,000,

The median sales price of new houses sold in December 2011 was $210,300; the average sales price was $266,000. The seasonally adjusted estimate of new houses for sale at the end of December was 157,000, which represents a supply of 6.1 months at the current sales rate.

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