Today, the
U.S. Census Department released its monthly
New Residential Home Sales Report for December showing sales jumped a notable 10.8% from November rising 9.9% above the level seen in December 2014 but still remaining near an historically low level with 544K SAAR units.
The monthly supply declined to 7.1 months while the median selling price declined 2.73% and the average selling price declined 4.89% from the year ago level.
The following chart show the extent of sales decline to date (click for full-larger version).
