New Home Sales Tick Down in January

Washington, DC, Feb. 25, 2015 -- New home sales edged down in January, according to the Commerce Department.

Sales slipped 0.2% last month to a seasonally adjusted annual rate of 481,000, down from a rate of 482,000 in December.

However, it was up 5.3% from a year ago when harsh winter weather depressed sales.

The median sales price rose 9.1% since January 2014 to $294,300.