RE/MAX: Falling Inventories Turn from Friend to Foe | Armonk NY Real Estate
Falling Inventories
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After hitting a five-year high in June , new-home sales plummeted in July, according to data released today by the U.S. Census Bureau and the Department of Housing and Urban Development. Sales of new single-family houses in July dropped a seasonally adjusted 13.4 percent month over month to an annual rate of 369,000, but were up 6.8 percent from a year before, according to the Census Bureau. The median sales price of a new home sold in July was $257,200, the report said. The report added that the seasonally adjusted estimate of new houses for sale at the end of July was 171,000, representing a supply of 5.2 months at the current sales rate read more Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor » Blog Archive » New-home sales plummet | Chappaqua Real Estate
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