March 26, 2009 Elad Bushari

Sales of new single-family homes were at a seasonally adjusted annual rate of 337,000 in February, up 4.7 percent from the January estimate of 322,000, but were 41.1 percent below the February 2008 rate of 572,000, the U.S. Commerce Department reported this morning.

The median sale price of new single-family homes sold in February was $200,900, down 18 percent from $245,300 a year ago. An estimated 333,000 new homes were available for sale at the end of February, representing a 12.2-month supply at the current sales rate.

Elad Bushari

Elad Bushari is the Broker / Owner of Bushari Group Real Estate and a National "30 Under 30" Honoree by REALTOR Magazine in 2009.

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