The U.S. Federal Government announced that sales of new single-family houses in April 2017 were at a seasonally adjusted annual rate of 569k. This number is 11.4% below March’s revised rate and is .5% higher than April 2016. The median sales price of new houses sold in April 2017 was $309,200. The average sales price was $368,300. At the current sales rate there is an approximate supply of 5.7 months of homes on the market.
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