Today, the U.S. Census Department released its monthly New Residential Home Sales Report for August showing a monthly decline with sales falling 2.3% since July but increasing 6.1% from August 2010 and remaining at an epically low level of 295K SAAR units.
The monthly supply remained flat at 6.6 months while the median selling price declined 7.72% and the average selling price declined 8.48% from the year ago level.
The above chart show the extent of sales decline to date (click for full-larger version).
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Source: http://rss.csmonitor.com/~r/feeds/csm/~3/9NCw9gjyKoI/New-home-sales-declined-in-August
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