New Home Sales Decline In September

Sold Home For Sale Sign in Front of New House

Sold Home For Sale Sign and HouseSales of new single family home sales in September came in weaker than expected and rose 468,000 which is lower than the 550,000 forecast from briefing.com.

The U.S. Census Bureau and Dept. of Housing and Urban Development reported today that September’s new home sales is a 11.5 percent drop from the revised August rate of 529,000.

The median sales price of new homes in September was $ 296,900 while the average sales price was $364,100.

-Johnathan Schweitzer

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