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Census Bureau and HUD report lower sales than September 2010 and October 2009
November 24, 2010
The U.S. Census Bureau and Department of Housing and Urban Development reported today that new single-family home sales October were down 8.1 percent, to a seasonally-adjusted rate of 283,000, from the previous month. This rate was 28.5 percent lower than October 2009, which boasted 396,000 sales.
The median new home sales price last month was $194,900, while the average price was $248,200. Approximately 202,000 new homes were available for sale at the end of October, representing an 8.6-month supply.
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