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Sales of new US homes fell in January as Americans opted to buy second-hand
property.
Sales of new single-family houses in January 2012 were at a seasonally
adjusted annual rate of 321,000, according to estimates released jointly today
by the US Census Bureau and the Department of Housing and Urban Development.
This is 0.9% below the revised December rate of 324,000, but is 3.5% above the January 2011 estimate of 310,000.
The median sales price of new houses sold in January 2012 was $217,100; the
average sales price was $261,600. The seasonally adjusted estimate of new houses
for sale at the end of January was 151,000. This represents a supply of 5.6
months at the current sales rate.
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