New Home Sales Decline 33% In May

Source: U.S. Census Bureau News

Here is a breakdown;

Sales fell 32.7% below the April 2010 and were off 18.3% below the May 2009.

• Median sales price decreased 9.6% from May 2009 to $200,900.

• Purchases dropped in all four U.S. regions last month.

• A record 53% sales drop occurred in the West.

• Supply of homes jumped to 8.5 month’s worth, up from 5.8 months in April.

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Tags: Housing Market

This entry was posted on June 24, 2010 at June 24, 2010 and is filed under Housing Market. You can follow any responses to this entry through the RSS 2.0 feed.