US home sales fall 11.4 percent in April

Tuesday, 23 May 2017 22:06:58 (GMT+3)   |   San Diego
       

The US Census Bureau and the US Department of Housing and Urban Development jointly announced that sales of new single-family houses in April 2017 were at a seasonally adjusted annual rate of 569,000.  This is 11.4 percent (±10.5 percent) below the revised March rate of 642,000, but is 0.5 percent (±11.3 percent) above the April 2016 estimate of 566,000.
 
The median sales price of new houses sold in April 2017 was $309,200.  The average sales price was $368,300. 
 
The seasonally-adjusted estimate of new houses for sale at the end of April was 268,000.  This represents a supply of 5.7 months at the current sales rate.

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