The U.S. Census Bureau and the U.S. Department of Housing and Urban Development are reporting that sales of new single-family houses in July, 2017 were at a seasonally adjusted annual rate of 571k. This number is 9.4% below June’s revised rate and is 8.9% lower than one year ago. The median sales price in July was $313,700 and the average sales price was $371,200. There was an estimated 276k new houses for sale representing a 5.8 months supply at the current sales rate.
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