New home sales decline, surprising analysts, even though the inventory of properties for sale has hit the highest level since 2008 - MarketWatch

The average sales prices for a new home sold in February was $511,000.

The numbers: U.S. new-home sales decreased 2% to an annual rate of 772,000 in February, the government said Wednesday. That figure represents the number of homes that would be sold over a yearlong pe… [+2538 chars]

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