According to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development, sales of new single-family homes were unchanged in August from July’s rate. The median sales price of new homes was $204,700 with an average price of $248,800. Leif Thomsen, CEO of Mortgage Master, told CNN he believes the report shows prices are starting to stabilize. The estimate of new houses for sale was 206,000, a supply of 8.6 months at the current sales rate. More here and here.