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StockMarketWire.com– US new-home sales fell to a seasonally-adjusted annual rate of 350,000 in June – 8.4% down from May’s revised rate of 382,000.Figures released by the US Census Bureau and the Department of Housing and Urban Development show that new-home sales are 15.1% above the June 2011 estimate of 304,000.The median sales price of new houses sold in June 2012 was $232,600; the average sales price was $273,900.

The seasonally-adjusted estimate of new houses for sale at the end of June was 144,000.

“This represents a supply of 4.9 months at the current sales rate.

Story provided by StockMarketWire.com

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