New home sales rise in May


Sales of new single-family houses rose 7.6 percent  in May 2012 to a seasonally adjusted annual rate of 369,000 units, according to estimates released jointly by the U.S. Census Bureau and the Dept. of Housing and Urban Development. On a year-over-year basis, new home sales rose 19.8 percent.
The median sales price of new houses sold in May 2012 was $234,500; the average sales price was $273,900. The seasonally adjusted estimate of new houses for sale at the end of May was 145,000, representing a 4.7-month supply at the current sales rate.

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About reneebaccaro

As a Realtor I know that Timing is everything in selling or buying a home. If you negotiate at the right time you can close escrow in the lead. Buying a home for most folks is the largest purchase of your life. Having an experienced - ethical - honest Realtor is very important. Call Renee to represent you when are considering your next real estate transaction. Renee Baccaro 01718366 (562) 972-9886. Blog: reneebaccaro.com View all posts by reneebaccaro

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