Sales of new home rose 11 percent in Jun

Sales of new homes rose 11 percent in June, compared with May, and were at a seasonally adjusted annual rate of 384,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. Sales were 21.3 percent lower in year-to-year comparisons.

The median sales price of new houses sold in June 2009 was $206,200; the average sales price was $276,900, according to the report. The seasonally adjusted estimate of new houses for sale at the end of June was 281,000, representing an 8.8-month supply at the current sales rate.
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In Bodega Bay, prices continue to feel the downward pressure but are holding relatively flat. Bodega Harbour homes held steady with no change and all Bodega Bay homes saw less than a 1% reduction in July.