Bill Sparkman

Icon

Free Marketing Tips For Mortgage and Real-Estate Professionals

New Home Sales Up 7.5 Percent From March 2011

The U.S. Census Bureau and the Department of Housing and Urban Development’s New Residential Sales Report for March 2012 shows that sales of new single-family homes are up 7.5 percent over the previous year’s pace. According to the report, new home sales came in at a seasonally adjusted annual rate of 328,000, which is 7.1 percent below February’s revised rate of 353,000 but a significant improvement over last March’s estimate of 305,000. February’s estimate was revised up from an originally reported 313,000, making that month’s sales pace the fastest since November 2009. Also, the median sales price of new houses sold during the month was $234,500; the average sales price was $291,200. At the current sales pace, there was a 5.3 month supply of new homes available for sale at the end of March. More here.

Category: Housing Market

Tagged: , , , , , , , , , , , , , , , , , , , , ,

Leave a Reply

April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930  
Follow Bill_Sparkman on Twitter

Bill Sparkman on Twitter

Error: Twitter did not respond. Please wait a few minutes and refresh this page.