New Home Sales Increase

new home sales

In my prior post (home sales), I noted that existing home sales for October had increased. Now, for new home sales,  just a short time ago, the Commerce Department reported sales of new one-family homes rose to a seasonally adjusted annual rate of 430,000, or by 6.2 percent from September’s revised 405,000 rate.

It was the first rise in two months, after declines of 2.4 percent in September and 1.0 percent in August, the data showed.

On an annual basis, sales were 5.1 percent higher than in October 2008.

The median sales price — the midpoint between the highest and lowest price — also rebounded after two months of falls, to 212,200 dollars.

The average sales price, however, fell to 261,000 dollars.

Alpine real estate