New Single-Family Home Sales Inched Upward in March

After a 4.6% decline in February, new single-family home sales rose 1.5% in March based on data from the Census Bureau and the Department of Housing and Urban Development. What is more, March 2013 new single-family home sales are 18.5% greater than March 2012. “The median sales price of new homes sold in March picked up slightly from $246,800 in February to $247,000 in the most recent month.” New home inventory remained steady from February at a 4.4 month supply.

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