New-home sales plunge 8.3% to seven-year low; Median sales price down 7.5% in past year, biggest drop in 37 year September 28, 2007 admin United States Economy Comments Off on New-home sales plunge 8.3% to seven-year low; Median sales price down 7.5% in past year, biggest drop in 37 year » New-home sales plunge 8.3% to seven-year low – Market Watch, 27th September 2007.