Saturday, November 27, 2010

New Home Sales Down in October

According to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development, sales of new single-family houses in October 2010 were at a seasonally adjusted annual rate of 283,000,

This is 8.1% (±16.1%) below the revised September rate of 308,000 and is 28.5% (±12.6%) below the October 2009 estimate of 396,000.

The median sales price of new houses nationwide sold in October 2010 was $194,900, the average sales price $248,200. The seasonally adjusted estimate of new houses for sale at the end of October was 202,000. This represents a supply of 8.6 months at the current sales rate.

If you are interested in buying a new home in Mercer County or the surrounding areas, call or email me.  I can suggest the best builders with the best buyer incentives.  And take a look at Dogwood Meadows.  There is one lot left with 3 home choices, or a spec home under construction.

Joe Giancarli, SA
Real Estate Advisor

No comments:

Post a Comment

Site Meter