Saturday, May 1, 2010

New Home Sales Up in March

HUD and the Census Bureau released figures this week that sales of new single family homes in March hit 411,000.  This is 26.9% above the revised February rate of 324,000 units, and 23.8% above the March 2009 estimate (332,000).

The median sales price of new homes nationwide sold in March was $214,000, and the average $258,600.  Inventory by the end of the month was 6.7 months, at the current sales rate.

These trends are certainly positive for new homes in New Jersey, and for builders in Mercer County.  Contact me to find out about our new construction developments here in Mercer and surrounding counties.

Joe Giancarli, Sales Associate

No comments:

Post a Comment

Site Meter