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New Home Sales in March at annual rate of 411,000
Sales of new single-family houses in March 2010 were at a seasonally adjusted annual rate of 411,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 26 9 percent (±21 1%) above the revised February rate of 324 000 and is 23 8 percent (±18 7%) above the March 26.9 21.1%) 324,000 23.8 18.7%) 2009 estimate of 332,000.
The median sales price of new houses sold in March 2010 was $214,000; the average sales price was $258,600. The seasonally adjusted estimate of new houses for sale at the end of March was 228,000. This represents a supply of 6.7 months at the current sales rate.
Posted: April 23, 2010 Friday 10:00 AM