New Home Sales Up 9.6% in March

The U.S. Government is reporting that sales of new single-family houses in February, 2023 were at a seasonally adjusted annual rate of 683k, which is 1.1% higher than February’s revised rate but is 3.4% lower than one year ago.  The median sales price of new houses sold in March was $449,800 with an average sales price of $562,400.  There were an estimated 432k new houses for sale at the end of March representing a 7.6-month supply at the current sales rate.

Click here to read the full report at the U.S. Census Bureau.

The post New Home Sales Up 9.6% in March appeared first on Real Estate Investing Today.



Source link