New Home Sales Up in September

New single-family home sales increased by 5.7% in September over August. In a year-over-year comparison, September 2011 sales were 0.9% lower than September 2010 new home sales. “The median sales price of new homes sold…was $204,400 down 2.2% from $209,100 in August. The average sale price fell to $243,900 from $246,000 in August and is at the lowest level since early 2009.” http://bit.ly/uU3a6o

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