US sales of new single-family homes fall 13.4% in July from revised June rate, rise 6.8% year-over-year to seasonally adjusted annual rate of 394,000; median sales price of new houses sold was US$257,200: Dept. of Commerce

WASHINGTON , August 23, 2013 (press release) – Sales of new single-family houses in July 2013 were at a seasonally adjusted annual rate of 394,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 13.4 percent (±14.5%)* below the revised June rate of 455,000, but is 6.8 percent (±18.6%)* above the July 2012 estimate of 369,000.

The median sales price of new houses sold in July 2013 was $257,200; the average sales price was $322,700. The seasonally adjusted estimate of new houses for sale at the end of July was 171,000. This represents a supply of 5.2 months at the current sales rate.

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