New Existing Home Sales Climb

New Existing Home Sales Climb

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Some Highlights:

  • Both New Home Sales and Existing Home Sales are up month-over-month and year-over-year.

  • Inventory remains low which continues to drive home prices up as demand continues to exceed the 4.7-month inventory.

  • The median price of new homes is up 12% from March 2016, while the median price of existing homes is up 6.3% from April 2015.


Tim Walsh Headshot
Author:
Phone: 703-447-2236
Dated: June 10th 2016
Views: 249
About Tim: I work full time in Real Estate. We created Your New Home Team to focus our energies in creating smo...

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