The median sales price of new houses sold in February 2009 was US $200,900; the average sales price was US$251,000. The seasonally adjusted estimate of new houses for sale at the end of February was 330,000. This represents a supply of 12.2 months in the market at the current sales rate.
Friday, March 27, 2009
US has 12 months stock of new homes for sale.
The median sales price of new houses sold in February 2009 was US $200,900; the average sales price was US$251,000. The seasonally adjusted estimate of new houses for sale at the end of February was 330,000. This represents a supply of 12.2 months in the market at the current sales rate.
There are some bargains to be had in Detroit...
ReplyDeleteWait till it hits rock bottom here in the UK...You ain`t seen nothing yet.The drop in prices here will be 80% before all this is over...Time will tell.
ReplyDelete