Posted on October 12, 2015 - 05:14 PM
by Deal Realty
Americans went shopping for homes in August!!
New home sales for single family families totaled 552,000 during the month of August. That's the best monthly figure since February 2008 and an encouraging sign of the housing market's momentum. It was nearly a 6% increase from July, which was also revised up, according to the Census Bureau. Still, the figure is a far cry from the historic average: the average monthly number of new home sales over the last 30 years is 706,000. Good properties that are priced correctly are selling fast, it is a sellers market.