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You are here: Home / From Curtis / New Homes Sales Fall 2.2% from January to February 2010 to a new all Time Low

New Homes Sales Fall 2.2% from January to February 2010 to a new all Time Low

March 24, 2010 by Curtis Van Carter Leave a Comment

While existing-home sales are up 7.0% from February 2009, the U.S. Census Bureau reports today that sales of new single-family homes dropped 2.2% from January 2010 and a drastic 13.0% from February 2009.

NEW RESIDENTIAL SALES IN FEBRUARY 2010

Sales of new single-family houses in February 2010 were at a seasonally adjusted annual rate of 308,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 2.2 percent (±15.3%)* below the revised January rate of 315,000 and is 13.0 percent (±12.2%) below the February 2009 estimate of 354,000.

The median sales price of new houses sold in February 2010 was $220,500; the average sales price was $282,600. The seasonally adjusted estimate of new houses for sale at the end of February was 236,000. This represents a supply of 9.2 months at the current sales rate.

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Filed Under: From Curtis, RE Current Info, RE Values Tagged With: Curtis Van Carter, RE Current Info

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