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Home Sales up by 9.6%

August 27, 2009

Recent reports from the U.S. Census Bureau indicated that new sales of new home in July increased by 9.6% over June.  The median sales price of new houses sold in July 2009 was $210,100; the average sales price was $269,200. The seasonally adjusted estimate of new houses for sale at the end of July was 271,000. At the current rate of sales there is a 7.5 months supply of homes currently on the market.

Click here to view the full report.

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