WASHINGTON — Sales of new homes fell 2.9% in November, and were 35% below the levels of November 2007, the Commerce Department reported today.
There were 407,000 new homes sold, compared with 419,000 in October and 629,000 in October 2007.
The median price for a new home was $220,400, compared with $218,000 in October. The average price was $287,500, compared with 272,000 in October.
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