Sales of new single-family houses in October were at a seasonally adjusted annual rate of 1.23 million, according to estimates released today by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. The seasonally adjusted annual rate projects a monthly total over a 12-month period. This is 0.2 percent, plus or minus 9.2 percent, above the revised September rate of 1.22 million, and is 7.4 percent, plus or minus 11.8 percent, above the October 2003 estimate of 1.14 million. The median sales price of new houses sold in October 2004 was $221,800 and the average sales price was $286,700. In September 2004, the median sales price of new homes sold was $197,700 and the average sales price was $255,100. In August, the median sales price of new homes sold was $208,900...
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