Real Estate Articles

2019-04-29 New Home Sales Jump 4.5% in March | By: Brad Beckett

New Home Sales Jump 4.5% in March

The U.S. Government is reporting that sales of new single-family houses in March, 2019 were at a seasonally adjusted annual rate of 692k.  This figure is 4.5% higher than February’s revised figure.  The median sales price of new houses sold in March was $302,700 and the average sales price was $376k.  The seasonally-adjusted estimate of new houses for sale at the end of March was 344k, representing a 6 month supply at the current sales rate.

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