Home Sales, Prices Rise Nationally
Sales of new single-family homes rose nearly 8 percent last month over July and more than 12 percent year over year as the housing market continues to gain steam, the federal government said today.
Sales rose at a seasonally adjusted annual rate of 421,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development. That number exceeded the expectations of experts polled by Yahoo Finance.
The median sales price of new houses sold in August 2013 was $254,600, up from $245,200 in August 2012 and $227,200 in August 2011. Meanwhile, the average sales price was $318,900, up from $292,200 last year and $267,900 in August 2011.
In the Northeast, sales rose 8.8 percent from month to month. Year-over-year sales are up 27.6 percent, the second-best performance of the four regions of the country the government monitors.
WBJ Web Partners
Most Recent
Most Recent
0 Comments