Single-Family Home Sales Up 3.6% In July

Posted by Orb Staff on August 23, 2012 No Comments
Categories : Residential Mortgage

12258_forsale Single-Family Home Sales Up 3.6% In July Sales of new single-family houses in July 2012 were at a seasonally adjusted annual rate of 372,000, according to estimates released jointly by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. This is 3.6% above the revised June rate of 359,000 and is 25.3% above the July 2011 estimate of 297,000.

The median sales price of new houses sold in July 2012 was $224,200; the average sales price was $263,200. The seasonally adjusted estimate of new houses for sale at the end of July was 142,000. This represents a supply of 4.6 months at the current sales rate.

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