News Column

Single-family Home Sales Up 22 Percent in January

February 26, 2013

Staff -- HispanicBusiness

Hispanic couple buying a home

National sales of new single-family houses reached a seasonally adjusted annual rate of 437,000 in January, according to a joint report released today by the Census Bureau and the Department of Housing and Urban Development.

The rate is 15.6 percent over the revised December rate of 378,000 and 28.9 percent over the January 2012 estimate of 339,000.

The median sales price was $226,400, and the average sales price was $286,300. The report estimates the number of new houses for sale at 150,000, a 4.1-month supply at current sales rates.

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