Friday, May 28, 2010

April New Home Sales Well Over 2009 Figures

According to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development, sales of new one-family houses in April 2010 were at a seasonally adjusted annual rate of 504,000.  This is 14.8% above the revised March rate of 439,000 and is 47.8% above the April 2009 estimate of 341,000.

Prices continue to fall, but the good news is that buyers are in the new home market again.   Nationally, the median sales price of new homes sold in April, 2010 was $198,400, the average sales price $249,500, and inventory 5.0 months.

Contact me for referrals to builders in Mercer County, to preview new homes, and learn about the new construction developments.  You have plenty of options, and financing is available.  With my background in the building trades, I can guide you through the process of purchasing a new home in Mercer County, Hamilton, Robbinsville, West or East Windsor, and other communities where the builders are offering you good buyer deals.

Joe Giancarli, Sales Associate

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