House Sales Up 27 Percent Compared to 2011

(Newsroom America) -- Sales of new single-family houses in September 2012 were at a seasonally adjusted annual rate of 389,000 or 27 percent above the September 2011 estimate, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

This is 5.7 percent above the revised August rate of 368,000 and is 27.1 percent above the September 2011 estimate of 306,000.

The median sales price of new houses sold in September 2012 was $242,400; the average sales price was $292,400.

The seasonally adjusted estimate of new houses for sale at the end of September was 145,000. This represents a supply of 4.5 months at the current sales rate.