| Aug 7, 2013 |
Housing market sees highest level of sales in 5 years
Boh staff
By Staff

According to estimates released last week by the U.S. Census Bureau and the Department of Housing and Urban Development, sales of new single-family houses in June 2013 were at a seasonally adjusted annual rate of 497,000, representing the highest level of sales in over five years.

The number is 8.3% above the revised May rate of 459,000 and 38% above the June 2012 estimate of 360,000.

The highest concentrated area of sales is occurring in the Northeast and the Confidence Interval reached 90%.

The median sales price of new houses sold in June 2013 was $249,700 and the average sales price was $295,000.

The Commerce Department also announced that orders for durable goods increased 4.2% last month. The number is higher than forecasted and follows a 5.2% gain in May, which was revised higher.

Additional statistics can be found here. New residential sales data will be released on Friday, August 23 to recall the July 2013 sales.

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