New Home Sales Surge By 5.7%!

Some Highlights:

• The median price of a newly constructed home is currently $292,700.
• Sales are up 5.7% month-over-month and 21.6% year-over-year.
• Many buyers are looking to new homes as an option due to the lack of inventory of existing homes for sale.

 

It's great news that New Home sales are up, but when you see that it is because of the lack of inventory in existing homes, you'll realize that the opportunity for Seller's is still high. Because the demand it there which will continue to drive prices and values up. If you're thinking about selling it's still a great time to call me!