WASHINGTON - Sales of new homes fell 10.9% in January, to a seasonally adjusted annual rate of 921,000, according to estimates released Tuesday by the Census Bureau and the Department of Housing and Urban Development.

January's numbers represent a slight drop from the same period last year, when new homes sold at a seasonally adjusted annual rate of 927,000.

The median price of new houses sold in January was $169,800. At the end of January, the seasonally adjusted estimate of new houses for sale was 310,000, a supply of 4.1 months at the current sales rate.

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